Bitcoin News Alerts | Daily BTC Macro Signal

Seasoned market analyst Peter Brandt is warning Bitcoin traders and investors alike, saying that the king crypto is poised for a sharp corrective move.

Brandt tells his 636,800 Twitter followers that the largest cryptocurrency by market cap has broken down from crucial diagonal support that has kept BTC afloat for the first few months of 2022.

"The completion of a bear channel typically results in a decline equal to the width of the channel, or in this case a hard test of $32,000 or so – my guess is $28,000. This does NOT make me a hater BTC."

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Financial advisory firm deVere Group CEO Nigel Green expects that at least two more nations will adopt Bitcoin (BTC) as legal tender before the end of the year.

"In January, I predicted that at least another three nations… would declare the world's largest cryptocurrency legal tender in 2022. One now already has done so.

I expect Bitcoin will be adopted as legal tender in at least one more African and one Central or Latin American country before the end of the year."

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The king crypto (Bitcoin) will cost $1 million by 2030, one of the industry's best-known pundits insists, as countries worldwide shun the euro and United States dollar.

In his latest blog post published o April 27, Arthur Hayes, former CEO of cryptocurrency derivatives giant BitMEX, doubled down on his sky-high price prediction for BTC and gold.

"As the union disintegrates, money shall be printed in glorious quantities in a pantheon of different local currencies. Hyperinflation is not off the table. And again, as European savers smell what the rock is cookin', they will flee into hard assets like gold and Bitcoin. The breakup of the EU = $1 million Bitcoin."

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The cryptocurrency analyst who predicted the May 2021 market collapse is warning that Bitcoin could be due for a notable dip even while he remains long-term bullish on BTC.

As the recent rally that began early this month fizzles out, the pseudonymous analyst eyes $25,000 as a potential bottom for Bitcoin.

"IF we get a Bitcoin move down comparable to the previous two, looking at the 25K region."

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A popular crypto strategist says he still expects Bitcoin to ignite a strong cryptocurrency rally by the end of the year, noting that the current bearish price action is designed to shake traders out of the market.

Pseudonymous analyst Credible tells his 328,200 Twitter followers that the king crypto is going through its last corrective phase before it skyrockets above $100,000 by 2023.

"Mid-cycle corrections are designed to shake you out, and they're quite effective. Just ask the guys who sold BTC under $10k during the March capitulation event before BTC ran 1,500%. Patience. [High timeframe] structure remains intact. It's really quite simple."

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Brazil's Senate has passed the country's first Bitcoin bill governing cryptocurrency in a plenary session, which will set the stage for the creation of a regulatory framework for the country's crypto industry.

The bill must be approved by the Chamber of Deputies and then signed off by President Jair Bolsonaro to become law in the country. This is expected to occur by the end of 2022, according to experts who spoke with Cointelegraph Brasil.

The session that approved the project was chaired by Senate President Rodrigo Pacheco, who said:

"I want to congratulate the rapporteur of the project, Senator Irajá, for the approval, here in the Plenary of the Senate, for this important bill."

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Twitter announced on Monday that it will become a privately held company following its board of directors accepting a bid from Bitcoin billionaire Elon Musk to purchase the firm's stock for $54.20 per share in cash — roughly $44 billion. Though the transaction is expected to close in 2022, it is still subject to the approval of Twitter stockholders as well as certain regulators.

Elon Musk, with more than 83 million followers — far more than former Twitter CEO Jack Dorsey at 6.3 million — may influence behavior on the platform and social media as a whole as a result of the purchase.

The Tesla CEO said on April 14 that one of his top priorities for Twitter would be to eliminate "spam and scam bots and the bot armies," including those connected to crypto scams.

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The Central African Republic (CAR) has become the center of a hot buzz in the cryptocurrency world amid various reports of it adopting Bitcoin (BTC) quite similar to El Salvador.

However, contrary to popular headlines, the African nation has not adopted BTC as a legal tender, instead, it has reportedly legalized the use of cryptocurrencies in the financial markets.

The new cryptocurrency law would reportedly allow citizens to pay their taxes in Bitcoin or crypto and allow the use of crypto as a form of payment for businesses.

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A closely tracked crypto strategist and trader is unveiling one altcoin he believes could record a 900% rally while updating his outlook on Bitcoin (BTC) and Ethereum (ETH).

Pseudonymous cryptocurrency analyst Credible tells his 327,800 Twitter followers that he expects Bitcoin to correct to as low as $38,000 before it kicks off another rally.

"Up against our resistance region now. [I] would expect a pullback to at least $39k from here soon. Again, this is just a base-forming here before a full-on reversal, in my opinion. BTC."

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Veteran trader Peter Brandt thinks Bitcoin could be headed for a serious price dip.

Brandt, who gained notoriety in cryptocurrency circles for correctly calling Bitcoin's 2018 collapse, tells his 633,200 Twitter followers that BTC could drop to $27,000.

Brandt also speculates that the Nasdaq-100 index could be mirroring the dot-com crash of the early 2000s, saying on Twitter that the chart is giving him déjà vu.

"'It's Deja Vu all over again.

– Yogi Berra, late 20th Century American philosopher."

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