Bitcoin News Alerts | Daily BTC Macro Signal

A closely followed crypto analyst known for accurately calling the crash of May 2021 is laying out a realistic price path for Bitcoin (BTC) to follow to new all-time highs.

The pseudonymous analyst known as Dave the Wave tells his 105,000 followers on Twitter that he foresees a potential scenario where the king cryptocurrency chops around for the next year or so before cracking the $70,000 level around the end of 2023.

Based on Dave the Wave's chart, he believes BTC is capable of reaching a cycle peak near $200,000 around May or June of 2024 or about two years from now.

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Michael Saylor's bold multi-7-figure Bitcoin price prediction follows a market-wide crypto bloodbath as Microstrategy's own BTC position hangs in red.

"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."

Once people figure out why bitcoin is superior to everything else, then the institutions are going to come in with large sums of money, and we're not going to have to struggle through this massive explanation of why we're different than 19,000 other crypto tokens."

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A widely followed analyst and trader says that the crypto market could copy its 2018 playbook.

"2022 could very well look like 2018 given the amount of time we could chop around for. I do think that the market is more mature these days than before, though. Overall market structure for trading is better + dexes [decentralized exchanges] + NFTs [non-fungible tokens] + gaming + new usable chains."

Something like this would make sense for me; more people getting bullish on the bearish retest of $35,000 – $40,000 and then price nuking lower."

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Rich Dad Poor Dad, best selling author and Crypto bull Robert Kiyosaki remains bullish on the future of Bitcoin despite his warning of BTC testing a new bottom, potentially as low as $9,000 per coin.

"I remain bullish on Bitcoin's future. Waiting for test of new bottom. $20k? $14 k? $11 k? $9 k? Why do I remain bullish? Fed and Treasury are corrupt organizations. They will self-destruct before they regain honesty, integrity and moral compass. Take care. Be aware."

Regarding stablecoins and the recent Terra LUNA and Terra UST death spiral, Kiyosaki shared the following:

"I was right: "Why STABLE COINS are UNSTABLE." Just before stable coins crashed I warned they were unstable. Proof I was right is on Rich Dad Radio with friend & Rich Dad's crypto expert Jeff Wang. The radio show is "Will Crypto Survive" released a week ago. What did I know?"

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Popular macroeconomic expert Raul Pal, thinks the world is going through a nasty recession period but remains confident that Bitcoin and crypto will be a viable investment class in the long term.

"My macro view is that we're in recession, it's going to be pretty nasty.

The Fed shouldn't have done what they did but the bond market tightened for them anyway – the Fed didn't actually do it, the bond market did it all. The Fed are going to have to unwind this mess, but it could get messy at first.

Using all the technical indicators that I look at, my view is if we are going to reach a proper bounce or a low, it happens in June. So we've got between now and June for everyone to freak out."

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A closely tracked crypto analyst believes that Bitcoin is almost ready to pull off a big move now that the leading cryptocurrency asset by market cap (BTC) breached a key psychological support area of $30,000.

In a new strategy session, DonAlt says that the fear and the panic in the crypto markets are leading him to believe that Bitcoin could either ignite a massive capitulation event or launch a rally to $58,000 and leave BTC bears in disbelief.

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A closely tracked crypto strategist and trader says that a Bitcoin rally is now in sight as he believes momentum is swinging to the side of BTC bulls.

Pseudonymous crypto analyst Pentoshi tells his 546,900 Twitter followers that bears are exerting a lot of effort to push the Bitcoin price down but not getting the desired result.

"For BTC I think we can squeeze to 34k *IF* this 31k area is flipped to support. For now, this is my bias point to trade off."

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The co-founder of the crypto exchange platform BitMEX predicts Bitcoin (BTC) and Ethereum (ETH) will continue to fall in price in the wake of this week's Terra (LUNA) collapse.

In a new blog post, Arthur Hayes says he's gearing up to accumulate both crypto assets as he anticipates a drop to major cyclical lows.

According to Hayes, he'll be a buyer of BTC at $20,000 and ETH at $1,300.

"These levels roughly correspond to the all-time highs of each asset during the 2017/18 bull market."

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Seasoned investor and co-founder of Mobius Capital Partners Mark Mobius is issuing a dire warning to Bitcoin (BTC) traders that devastating losses still await the leading crypto asset.

Mobius says that while the "buy the dip" strategy may have worked for cryptocurrency traders in the past, it's not a good idea this time around. However, he notes there could be a slight upswing after Bitcoin drops to the $20,000 mark before it once again resumes its plummet to $10,000.

"[Buying the dip] will not work this time until Bitcoin hits $20,000, from where there might be a bounce but then the next target will be $10,000."

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Widely-followed crypto analyst Benjamin Cowen says the dot-com bubble in the late 1990s is giving a glimpse of what the bottom could look like for the Bitcoin and cryptocurrency market.

Cowen says that an 80% drop is highly possible for crypto.

"Sometimes I struggle to comprehend an asset class that has only a market cap of $500 billion, but considering that the asset class as a whole was $3 trillion not that long ago and we're currently at $1.26 trillion, it's not that far-fetched to assume that we can't drop another 40% or so down to approximately $500 billion. I would consider that to be the absolute worst-case scenario."

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