Bitcoin News Alerts | Daily BTC Macro Signal

Crypto exchange Kraken's Bitcoin forecast is based on how high the BTC price has traded above its 200-week moving average in previous bull runs.

According to Kraken's analysts, Bitcoin price has historically surged 10x to 15x after touching its 200-week moving average.

This implies a future BTC price range of $237,894 to $356,841 for the king cryptocurrency.

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Bitcoin will break out significantly" in the next month, with an upside target of $30,000. That was the latest BTC prediction from top crypto analyst Michaël van de Poppe, founder and CEO of trading firm Eight.

"Within 2-3 weeks, Bitcoin will break out significantly. My take is the upside. My guess is probably $30K."

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Back in April, legendary investor Cathie Wood of Ark Invest turned heads in the crypto world with a breathtaking Bitcoin price prediction of $1 million per BTC.

That, of course, was before the market meltdown. Now, six months later, Ark Invest has reiterated its $1 million price target for the king cryptocurrency. After running the numbers, the investment firm concluded that the three basic use cases for BTC support a future market capitalization of $28 trillion, or more than $1 million per Bitcoin.

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Bitcoin will top $100,000 next year but a record-breaking bear market will follow, a popular crypto trader believes.

In a Twitter discussion on Oct. 22, Credible Crypto endorsed a theory that the next BTC halving will also see macro lows of just $10,000.

"Agreed, probably in 2025 methinks. First, new ATH in 2023- blow-off top 5th wave above 100k- followed by the largest bear market we have seen yet that is worse than the current one in both time and price- taking us to the 10-14k that everyone is waiting for now."

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Crypto analyst 'Decodejar' shared an Elliot Wave Theory Bitcoin chart which suggest in Wave 4 that the BTC price will first have a blow off top reaching about $145,000, followed by a 75% correction down to about $35,000, before exploding to $350,000+ per coin by the end of 2025.

"Bitcoin Wave 4 count. First, blow off top to ~145k, before 75% correction to ~35k, then greater than 350k by the end of 2025."

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The Australian financial services company – Finder – conducted two surveys among its high-profile crypto specialists to determine their expectations of the Bitcoin future price.

The experts predicted that the king crypto (BTC) will trade at approximately $21,300 by the end of the year. They are quite bullish on the long-term valuation, expecting Bitcoin to surge to nearly $80,000 by 2025 and around $270,000 by 2030.

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Experienced crypto trader and analyst Tone Vays is predicting that Bitcoin (BTC) will hit a six-figure price in 2023.

In a Kitco News interview, the veteran crypto trader says that Bitcoin's next halving cycle will trigger a bull run next year.

Vays says that he will be "surprised" if Bitcoin doesn't reach six-figure prices in the coming months.

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A senior Bloomberg crypto analyst says that Bitcoin (BTC) skyrocketing to a six figure price tag is only a matter of time.

In a new interview with Daniela Cambone of Stansberry Research, Bloomberg commodity strategist Mike McGlone says that Bitcoin's price will eventually see a massive spike to $100,000 due to a combination of increased adoption and limited supply.

"So Bitcoin, I think it's [only] a matter of time [until] it appreciates towards that $100,000 level. And at some point, it's going to just slip in and kick into that bull market – maybe at the same time gold and treasury bonds do in terms of price."

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Bitcoin is on track to hit a massive $2 million per coin within six years, asset management guru Lawrence "Larry" Lepard believes.

In his latest appearance on the Quoth the Raven podcast Oct. 16, Lepard said that the king crypto (BTC) could "easily" deliver 100X returns from current prices.

"Bitcoin could go to zero but I personally believe Bitcoin's going to go up 100X."

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Comparing the Bitcoin price actions prior to the midterm elections of 2018 with those of 2022 shows a strikingly similar crypto bear market trend.

Independent market analyst Aditya Siddhartha Roy thinks the BTC price will fall into the $12,000-$14,000 range if a similar breakdown occurs. He further notes that the king cryptocurrency (Bitcoin) could bottom out in November or December 2022, just like in 2018.

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