Bitcoin News Alerts | Daily BTC Macro Signal

A popular on-chain Bitcoin analyst claims the current crypto bear market hasn't yet sent as many BTC underwater as previous cryptocurrency bear markets.

BTC analyst Willy Woo notes that showing how many Bitcoin are at a lower value compared to their purchase price is "one way of visualizing maximum pain."

Woo's chart indicates that Bitcoin's 60% underwater level is currently hovering around $10,000.

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Michael Saylor, the chairman and cofounder of software company turned Bitcoin acquisition vehicle MicroStrategy, has predicted the value of the king crypto (BTC) will overtake gold within ten years - potentially giving Bitcoin a $500,000 price and a market capitalization of $10 trillion.

"The next logical stop for bitcoin is to replace gold as a non-sovereign store of value asset," Saylor told MarketWatch this week, adding gold is a $10 trillion asset. "Bitcoin is digital gold, it's 100-times better than gold and if bitcoin goes to the value of gold it goes to $500,000 per bitcoin."

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The creator of the Bitcoin Stock-to-Flow (S2F) model – PlanB – admitted that recently he made his third BTC investment. At the time of the purchase, the primary crypto was hovering around $20,000.

Due to its significant price depreciation compared to the all-time high of $69,000 in November 2021, many people proclaimed Bitcoin dead in the past several months. However, PlanB revealed that each of his crypto investments was at a time when pessimism was reigning.

"My first bitcoin investment was in 2015 at ~$400 (yellow circle). Most people said bitcoin was dead.

My 2nd investment was in 2018 at ~$4000 when I published the S2F model. Most people said bitcoin was dead.

My 3rd investment is now at ~$20,000. Most people say bitcoin is dead."

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A popular crypto analyst has predicted that Bitcoin is on a bullish path to reach six figures in 2023. Known pseudonymously as Credible, the analyst made the BTC prediction on his Twitter handle while addressing his over 300k followers.

"Momentum. Which is why estimates must be within a range- it can vary. I am expecting at least 100k, not 300k+, likely somewhere around 150k-ish. But will know more as PA develops and the move actually starts."

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A crypto price model for Bitcoin coined DPC (Dynamic Power Cycle) has been updated showing the next projected cycle peak of $350,000 per BTC occurring on October 13th, 2025.

"Bitcoin DPC price model - Quarterly update (Oct 2, 2022)

- Current projection: $22K ($13-39K)

- Projected cycle trough (Oct 3, 2022): $22K ($12-38K)

- Projected cycle finish (Apr 25, 2024): $83K ($48-150K)

- Next projected cycle peak (Oct 13, 2025): $200K ($110-350K)"

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According to the crypto host of InvestAnswers, Bitcoin could hit up to $26,000 over the next four weeks based on the average return for October.

"If Bitcoin can hold in and around its level, it'll be better than previously…

Looking forward to October, the average return for October is 28.42%, which would take the Bitcoin price up to about $25,000 – $26,000. So, we'll see if it goes there. Twenty-five thousand dollars is where we were not too long ago, and we could easily get back to that level."

In other trending Crypto news today:

XRP jumps 20% in a matter of hours amid SEC's latest setback in Ripple lawsuit while the Simpsons predict XRP price to skyrocket to $589 EOY.

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A former hedge fund manager says that Bitcoin could be worth well into the millions of dollars by the year 2031.

According to Robert Breedlove, the deterioration of the US dollar (USD) will be the key factor in the king crypto (BTC) price explosion.

"I have a public prediction that the US dollar is basically hyperinflated to zero, or close to it, by the year 2035…

I'm going to stand by that prediction today. I know the DXY [US dollar index] is way up recently but I sort of expect this thing to get volatile before it breaks down. If that is the case, then I have a matching Bitcoin price prediction of $12.5 million US per Bitcoin by the year 2031."

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Bitcoin bull Max Keiser is predicting the king crypto (BTC) to 20x in price to $400K per coin, and says $220K in 2022 still in play and can happen in a flash, driven by the "Bondpocalypse".

"As the global band market melts down all it would take is for 7 - 8% of that fleeing bond money to flow into #Bitcoin to 20x BTC TO $400,000.

$220,000 in 2022 still in play, driven by the BONDPOCALYPSE.

Bitcoin is decoupling. The move to $220,000 can happen in a flash."

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Popular crypto analyst InvestAnswers thinks Bitcoin could be worth millions of dollars per BTC within eight years under the assumption that people will continue to flock to the leading cryptocurrency asset.

"Not hopium, just math, and we do expect it to slow down, but the key takeaway here is if Metcalfe's Law holds, the conservative model has Bitcoin reaching $3.4 million by the year 2030. That may seem completely impossible, completely ridiculous, outlandish, compared to where we are right now, but anyway, let's go more into what's happening. Again, this is about adoption, it's an arms race, it's game theory, whatever you want to talk about it."

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The high priest of Bitcoin, Max Keiser predicts the king crypto (BTC) continuing to eat into the global financial $400 trillion TAM (total addressable market), sending the Bitcoin price soaring to a minimum of $1 million per coin.

"The total addressable market for Bitcoin would be $400 trillion, that's the total sum of global financialized world. Bitcoin will eat that essentially, so we're going to see a lot higher prices, $1 million - $2 million per BTC."

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