Bitcoin News Alerts | Daily BTC Macro Signal

Crypto analytics firm Santiment says that the dwindling supply of stablecoins may be a sign that a massive Bitcoin breakout is on the horizon.

According to the market intelligence firm, the circulating supply of Tether (USDT) and USD Coin (USDC), the two biggest cryptocurrency stablecoins by market cap, has been dramatically decreasing since May 2022.

Santiment says that the volume of these two assets continues to decline even as the price of Bitcoin rises, which in the past has foreshadowed parabolic BTC rallies, specifically in July 2021 right before the king crypto went from the $29,000 level all the way to $69,000.

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A closely followed crypto analyst known for calling the May 2021 collapse in Bitcoin says that an indicator with a solid track record is suggesting rallies are approaching.

The pseudonymous analyst known as Dave the Wave tells his 122,000 Twitter followers that the BTC moving average convergence divergence (MACD) just flashed a signal that previously foreshadowed a 300% rally in Bitcoin in 2019.

"Last time the Bitcoin weekly MACD crossed, after an extended correction to current levels, it went on a ripper."

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This bullish chart pattern signals Bitcoin price rally to $48,000 imminent in the next 2 weeks, says top Crypto analyst Carl 'The Moon' Runefult

"What if this [$19,600] was the bottom? What if this is the bounce and the big bullish reversal?"

Runefelt explored the possibility of Bitcoin price hitting bottom at $19,600, before a bullish trend reversal, setting the stage for a massive rally to $48,000.

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Bitcoin is at the bottom & the next crypto bull cycle will begin November 2023, according to top crypto analyst Trader_Jibon.

"Local Bottom is Very Close. We might see big rally around 40K. Then BTC can dump to 25-20K before the Bull Run Starts."

Another view the top cryptocurrency analyst shared:

"BTC will Confirm the Bottom in September-October 2022. I'm not expecting a Big Crash. But I don't expect Bull Market before 2024. We might see Sideway Market until 2024. Then Bull Market 2024-25."

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The crypto world is abuzz after a Bitcoin chart predicting an astronomical BTC price made the rounds on social media, suggesting a full 99.7% of Bitcoin's total wealth gener­a­tion remains ahead, ultimately meaning Bitcoin still has 400x to grow, dwarfing the gold milestone.

By putting Bitcoin's current valua­tion into perspec­tive, it becomes clear that it's still very early for Bitcoin.

"Bitcoin has the potential to become worth over $10 million a coin."

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Binance CEO Changpeng Zhao says there is a myriad of factors potentially driving the next big rally for Bitcoin (BTC) and other crypto assets.

In a new interview on CNBC, the richest person in crypto says different catalysts triggered the previous cryptocurrency bull runs and people were not even aware that these would set off massive moves.

Quoting Bitcoin advocate Dennis Porter: "At the end of the day, all fiats eventually come to an end which means in theory there is no cap on Bitcoin's dollar price. Once you understand this you realize $1 million and even $10 million are inevitable."

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As the Bitcoin and crypto market continues breaking out after news of the recent Fed rate hike, Shark Tank billionaire investor Mark Cuban is deeply concerned about how the impending wave of regulation will affect the cryptocurrency space.

"Think this is bad? Wait till you see what they come up with for registration of tokens. That's the nightmare that's waiting for the crypto industry.

How else do you keep thousands of lawyers employed and create reasons to ask for more taxpayer money?"

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Bitcoin can still rise to seven figures within five years, PlanB claims, calling for crypto investors to ignore short-term "noise."

The quant BTC analyst, at the same time, predicted on the day, U.S. equities would reach new heights never seen before.

"Some of you are afraid of macro and the link between bitcoin and stock markets etc. IMO the next ~5 years S&P500 will be in the $5K-$6K range and bitcoin in the $100K-$1M range. Short term is noise, long term is signal."

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Quant analyst PlanB, creator of the infamous Bitcoin Stock-to-Flow model updated his price forecast for the king crypto (BTC) predicting Bitcoin ranging between $100,000 - $1,000,000 in the next 5 years:

"Some of you are afraid of macro and the link between bitcoin and stock markets etc. IMO the next ~5 years S&P500 will be in the $5K-$6K range and bitcoin in the $100K-$1M range. Short term is noise, long term is signal." - PlanB

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Based on previous Bitcoin halving cycles, the king crypto (BTC) has surged by an average of 3,158% in the one year after each halving event. By removing the 2012 anomaly, the average increase is 412.5%.

Using the extrapolation from January 2017 to an extrapolated May 2024 projected Bitcoin price of $108,000 and incorporating a 1-year price increase of 413% between May 2024 and May 2025, BTC could hit $446,000.

Incorporating the estimated 413% increase between May 2028 and May 2029, BTC would be on target to hit $2.08 million by May 2029, giving BTC a January 2030 value of $2.11 million.

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