Bitcoin News Alerts | Daily BTC Macro Signal

A crypto strategist and trader who has long predicted a massive Bitcoin crash below $30,000 is revealing how low he believes BTC will go.

The pseudonymous cryptocurrency analyst Capo tells his 289,400 Twitter followers that Bitcoin's free fall is not over yet.

He cites large whale transfers of BTC to crypto exchanges as the main force driving the current crash, and warns a significant amount of Ethereum has also been sent to the crypto exchange FTX.

As for his target low for Bitcoin, Capo says he believes BTC will land somewhere between $21,000 and $23,000.

Learn more about your ad choices. Visit megaphone.fm/adchoices

Panic appeared to set in on crypto markets overnight on May 11th as Blockchain protocol Terra failed to steady its bleeding crypto assets, with LUNA crashing another 90%+ for the day, now trading below $2.

As a result of the massive Terra/LUNA sell-off, Bitcoin price skyrocketed to a dubious new all time high of $140,000 in $UST as a result, while the king cryptocurrency is currently holding on to $30,000 support.

Learn more about your ad choices. Visit megaphone.fm/adchoices

ARK Invest founder Cathie Wood says that the increasing correlation between crypto and traditional assets indicates that the Bitcoin (BTC) bear market will soon be over.

"I've been around in the business for 45 years, and I've never seen the opportunities I see now. According to our expectations, truly disruptive innovation, which right now is valued in the global public equity markets at roughly $10 trillion, roughly 10% of the global equity market cap.

We believe that $10 trillion is going to scale to $210 trillion by the year 2030… thanks to genomic sequencing, robotics, adoptive robotics, energy storage, artificial intelligence and blockchain technology."

Learn more about your ad choices. Visit megaphone.fm/adchoices

A closely followed crypto trader is unveiling what he believes is the most realistic price path for Bitcoin (BTC) for the rest of the year.

"When the price of an asset is on an uptrend and then it catches up with the long-term moving averages, usually that's a sign that the trend is dying down. The momentum is lost. If you cross below them, that is a bearish signal."

The cryptocurrency analyst highlights that the 20-month EMA was a reliable indicator of major trend shifts during the 2014 and 2018 BTC market cycles.

"That happened over here in 2014. If we go over here in 2018, [we had] a major run-up. Trend starts to go sideways after the run-up, and then we meet the long-term moving averages. We closed below that. It's a bear market."

Learn more about your ad choices. Visit megaphone.fm/adchoices

Crypto billionaire Brock Pierce says that Bitcoin will either fail spectacularly or become massively successful.

"[Bitcoin] could go to zero. It's a binary outcome. It's either going to go to $1 million a Bitcoin or zero. It's going to be one or the other, which is why you shouldn't put everything there."

"This reminds me a lot of 1999, right? We are in that phase. And what came out of that? eBay and Amazon and all sorts of interesting businesses came out of the Dot-Com sort of 1.0 era. And a bunch of it went to zero. And I think that will probably be true of what we see here.

That doesn't mean the innovation isn't real and it's not going to play an important role in our collective future."

Learn more about your ad choices. Visit megaphone.fm/adchoices

A popular crypto analyst is considering how low Bitcoin could go as the cryptocurrency markets head into the weekend on a sour note.

"I want to go ahead and talk a little bit about what we talked about as our worst-case scenario. I've got to be honest with you guys, I'm gonna stick to my guns here again.

This is the point that I want to bring here, all the while we could come close to it, we could come here toward $30,000. I think it's completely irrelevant and out of the question to think that we'd come down and touch $20,000."

Learn more about your ad choices. Visit megaphone.fm/adchoices

Kraken director of growth marketing Dan Held says the Bitcoin (BTC) supercycle theory that he first put forward in 2019 still holds water.

According to Held, the theory advances the idea that a perfect storm such as mistrust in governments and institutions, will propel the mainstream adoption of Bitcoin and drive up the price of the leading crypto asset.

"If we repeat 2013, we could see Bitcoin hitting between $300,000-$400,000 Bitcoin. Now. history usually rhymes, it doesn't repeat itself, so it's probably not going to be exactly that, but if it did, that would be my best price point.

So my price point, I would say that I think it's going to land probably between [$100,000 and $300,000]. But if we match 2013 again, it could be [$300,000 to $400,000]."

Learn more about your ad choices. Visit megaphone.fm/adchoices

Popular crypto analyst Nebraskan Gooner outlines what it will take for Bitcoin to realistically go parabolic in May, reaching $100,000 per BTC.

In other breaking Bitcoin News today:

Bitcoin celebrates halfway to the halving with yet another new hash rate record. The Bitcoin hash rate hit another all-time high and the 105,000th block since the last halving was mined, marking the halfway to the next halving.

Binance commits $500M to co-invest in Twitter with Elon Musk. Binance is among 18 co-investors in Elon Musk's Twitter acquisition alongside firms like Sequoia Capital Fund and Fidelity Management and Research Company.

Learn more about your ad choices. Visit megaphone.fm/adchoices

According to the crypto strategist, the lack of bullish momentum is setting up Bitcoin (BTC) for one final push above $100,000.

"I'm expecting $100,000 for the fifth wave, and when it does complete, wherever that may be above $100,00… I think we'll probably fall somewhere between $100,000 and $200,000 realistically…

But the point being is that these lows that are built up, we don't need to take them now. We could very well continue up for the fifth wave."

Learn more about your ad choices. Visit megaphone.fm/adchoices

In a video using Elliott Waves, Credible Crypto thus mapped out a move to a new macro top of between $100,000 and $200,000 for Bitcoin before a drawdown which could take liquidity at $30,000 or under.

"These lows that have built up — we don't have to take them now; we could very well continue up for the fifth wave," he explained.

He added that there was "nothing wrong" with expecting a sweep of the lows after November 2021's all-time highs.

"But again, based on market context and everything else that I've seen, I think that's a little bit more unlikely; I think it's a lot more likely that we leave these lows untapped and simply continue up."

Learn more about your ad choices. Visit megaphone.fm/adchoices