Bitcoin News Alerts | Daily BTC Macro Signal

Matt Wallace, a well-known crypto influencer, predicts we could see Bitcoin at over $500k and Dogecoin (DOGE) over $3 by the end of 2024.

"We are barely beginning to scratch the surface of crypto adoption," says Wallace. "Crypto solves so many problems that its meteoric rise is inevitable! BTC is the best store of value, and Dogecoin is the most popular currency in the crypto space. Together they will dominate the world economy. $500,000 Bitcoin isn't just possible; it's inevitable. As BTC rises, Dogecoin will have a clear path to well over $3," Matt told TechBullion.

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The current BTC price prediction has Bitcoin hovering around $200K by 2027. By 2030, the average projection is sitting at half a million dollars! And by 2032, the king crypto (BTC) could hit $800K or more.

Even though, these are lofty Bitcoin price expectations, major players such as the Winklevoss Twins, Cathie Wood of Ark Invest and cryptocurrency exchange Changelly are all sticking to these forecasts.

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Karl Racine, Attorney General for the District of Columbia in the United States, has announced that his office has sued business intelligence firm MicroStrategy and its Bitcoin bullish co-founder Michael Saylor for charges related to tax evasion.

However, there is no shaking Saylor's confidence, who assured that there is no price target for the king crypto at which MicroStrategy will begin liquidating its BTC holdings. Even as the market-wide meltdown evaporated trillions of value, the leading Bitcoin maximalist and his company is patiently holding firm.

"There's no price target. I expect we'll be buying bitcoin at the local top forever. And I expect Bitcoin is going to go into the millions. So we're very patient. We think it's the future of money."

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Bitcoin price double-bottom and then to $30K?

The conflicting upside signal comes from a potential double-bottom pattern on the BTC longer-timeframe charts against the United States dollar. Double-bottoms are bullish reversal patterns that resemble the letter W due to two lows and a change in direction from downside to upside.

Meanwhile, a double-bottom's upside target is found after measuring the distance between the pattern's peak (neckline) and lowest levels and adding the outcome to the breakout point, as illustrated below. In other words, a potential 50% price rally taking the king crypto to the $30K level.

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It's been a rocky start to the year for Bitcoin, but crypto experts still say it will hit $100,000 per coin - and that it's more a matter of when, not if.

Despite the volatility and recent slumping price, many experts still say BTC is on its way to passing the $100,000 mark, though with varying opinions on exactly when that will happen. And a recent study by Deutsche Bank found that about a quarter of Bitcoin investors believe Bitcoin prices will be over $110,000 in five years.

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Analyst Benjamin Cowen is detailing a potential worst case scenario for Bitcoin and the crypto markets at large.

If this bearish cryptocurrency market structure plays out, the total market cap of all cryptocurrencies would finally reach a bottom at around the $500 billion mark, which suggest a Bitcoin price bottom of about $10,000 per BTC.

"This is something to consider. It's the worst case scenario. I have no idea if it's going to play out or not, but it's something that everyone I think should consider when navigating the cryptoverse."

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A widely followed crypto analyst says that Bitcoin could follow in the historical footsteps of gold and spark a massive 6-figure rally but notes that the king cryptocurrency (BTC) has further to fall first.

"We could start to see an asset trade very similar to gold. I'm going to make the case today about how Bitcoin could very well be that asset, especially after going through a steady decline of 75% or so far, and will likely go through a decline of around 80 to 85% at bare minimum…

After that, we can have really green pastures for Bitcoin, starting [to] charter into that six-digit territory that many people have talked about since the previous bull market, towards $100,000, $200,000, you name it, as people start to lose faith in the base currency, the dollar being the world reserve currency."

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Shark Tank investor Kevin O'Leary is casting doubt on the ability of Bitcoin to rally above the $25,000 price level under the prevailing conditions.

O'Leary says in a Stansberry Research interview that the BTC price is stagnating because the lack of cryptocurrency regulation is hindering institutional investment in the space.

"I'm going to predict that crypto and particularly Bitcoin will be locked between $20,000 and $25,000 until we get policy. It's not going to go anywhere because there's not enough buyers. You need to tap trillions of dollars being managed by sovereign wealth, and they are not going to buy Bitcoin until there's regulation."

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The chief executive officer of Mastercard says that the credit card giant is teaming up with leading crypto exchange Binance to boost Bitcoin and cryptocurrency payments for everyday purchases.

"We can unlock the full potential of blockchain technology when we make it easier to access + easier to use. One way we do that is by bringing crypto to everyday purchases.

Users can enjoy a seamless transaction in which their cryptocurrencies are converted to fiat currency in real-time at the point of purchase, as well as earn up to 8% in crypto cashback on eligible purchases and enjoy zero fees* on ATM withdrawals."

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Crypto bull and Real Vision CEO Raoul Pal says that Bitcoin can still erupt en route to outperforming other asset classes in the next 10 years even in his worst-case scenario.

"I rode it up $1,000, so it went up 5x in two months, then went all the way back down 85%. I just held it because I wanted to treat it like an option. I had a 10-year view.

I said it's probably going to $100,000 worst case, $1 million best case over the next 10 to 20 years."

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