Bitcoin News Alerts | Daily BTC Macro Signal

Popular trader and analyst Jason Pizzino is hopeful Bitcoin (BTC) could rally higher if the flagship crypto asset sustains the prevailing momentum.

"If we can get above those levels, consolidate and continue to move higher with higher highs and higher lows… the next key level is $48,000 and the $52,000 levels.

But I think we're getting too far ahead of ourselves to even contemplate getting to the high $40,000s or even low $50,000s at this point as there's so much work to do for Bitcoin at these lower levels."

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Popular crypto analyst Benjamin Cowen says three metrics indicate Bitcoin could see a price bounce in June.

In a new strategy session, Cowen tells his 746,000 YouTube subscribers the first metric pointing to a BTC rally is a correcting US dollar currency index.

"We know that the US dollar currency index, when it's moving higher in a parabolic rally, we know Bitcoin goes down. We've seen this many times in the past. And furthermore, if we just simply pull it up, you can see that over the last several months, the dollar has been in a parabolic rally."

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In a new video update, popular crypto analyst InvestAnswers tells his 439,000 YouTube subscribers that his "bear case" for Bitcoin in 2030 is $576,000, which is about 1,886% from current prices.

"So not bad from where we are today. That's basically a 20x give or take, a couple of dollars, which is a huge return, but still, it is a moving target. Things change all the time. Adoption changes, networks changes, competition changes. Bear that in mind."

By combining all three Bitcoin price targets, the host finds an average "expected" target of $785,955 for BTC, with $576,389 being the 'bear-case' low end of the range and $1.55 million being the most optimistic forecast for the king cryptocurrency.

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Popular crypto analyst and the host of InvestAnswers is envisioning three possible price points for Bitcoin in the year 2030 ranging from $576K to $1.55 million per BTC.

By combining all three Bitcoin price targets, the host finds an average "expected" target of $785,955 forBTC, with $576,389 being the 'bear-case' low end of the range and $1.55 million being the most optimistic forecast for the king cryptocurrency.

"The adoption of Bitcoin is faster than that of the internet, and that of mobile phones right now. Therefore, due to Metcalfe's Law, this is completely believable."

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Quant analyst Plan B, creator of the Bitcoin stock-to-flow model, which correctly predicted the 14X rise in BTC price, from $4,000 to $55,000 shares good Bitcoin news on crypto twitter, that the S2F model still points to $500K per coin after the 2024 halving.

"Even if the original $55K model was right and the later $100K update wrong, the difference is "only" 2X. Remember that S2F model was created in March 2019, when bitcoin was below $4K. IMO the correctly predicted 14X rise (55/4) is worth more than the 2X prediction error (100/55)."

Original 2019 $55K S2F model seems to fit better than later $100K update. Interestingly a refit based on 18m average S2F ratio and 3 yrs new data confirms the original model. The bad news: $100K was probably too high. The good news: model still points to $500K after 2024 halving."

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Venture capital investor Tim Draper is reasserting his prediction that the Bitcoin price will break well into the six figures over the coming months.

Draper says in a new interview that "by the end of this year or early next year," the king crypto (BTC) will hit a price of $250,000 per coin.

The venture capital investor who made early bets on Coinbase, Hotmail, Skype, Tesla and Twitter says that the catalyst will be women increasingly using Bitcoin to shop.

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He said the so-called crypto winter for Bitcoin is over for now, with a forecast for the #1 cryptocurrency to reach $100,000 by later 2023, in a run higher that could last up to 2025.

"I'm not giving a major buy signal, I'm just saying, yes, you can start to buy a little bit," Lamoureux told MarketWatch in a recent interview. Hovering at $30,000 and off more than 55% from a record high of $68,990 in November 2021, bitcoin meets much of his criteria to exit a bear market, he said.

"One of the main things that drives Bitcoin (BTC) is supply," he said. "There's less supply, so there's less coming to the market …that historically has always driven prices higher. What I'm saying is that it's out of the narrative now."

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The crypto analyst who predicted Bitcoin would crash this year is revealing what he thinks will be the bottom price for the benchmark cryptocurrency (BTC).

"BTC – Some of the reasons why I think we should see new lows in the coming days:

BTC broke the $30,000 support zone, which was the main pivot of the bull run. This is a zone, not a level. It's between $29,000-$31,000, taking all the wicks. Now it's testing that zone as resistance."

The analyst says that Bitcoin could drop to as low as $21,000 before it will go up.

"The minimum target of the bear flag hasn't been reached yet ($23,000). You can also see this on altcoins, where some of the main targets haven't been reached yet."

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Predicting the future Bitcoin price is impossible according to the Efficient Market Hypothesis (EMH). So why did S2F model correctly predict a BTC price jump after 2020 halving? And what about 2024 halving?

"Interesting poll results: 81% thinks #Bitcoin stays below $500K next 5 years.

S2F model predicts $500K+ average after 2024 halving.

Very similar to March 2019 when I published S2F model and BTC was below $4K. Majority thought S2F prediction of $55K after 2020 halving was crazy."

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With the Bitcoin price currently below $30,000, Scott Minerd, the chief investment officer of global investment giant Guggenheim Partners, believes the value of the king crypto (BTC) could further dip to $8,000 per coin.

Minerd made the bearish prediction on Monday (May 23, 2022), during an interview on CNBC's Squawk Box at the World Economic Forum (WEF) annual meeting in Davos, Switzerland.

"When you break below 30,000 [dollars] consistently, 8,000 [dollars] is the ultimate bottom, so I think we have a lot more room to the downside, especially with the Fed being restrictive".

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