Bitcoin News Alerts | Daily BTC Macro Signal

Bitcoin will be just one of the risk assets that "crater" as the Federal Reserve is forced to abandon quantitative tightening in future, the ex-BitMEX CEO Arthur Hayes warns. If that means a retest of the 2022 lows, the area between $15,000 and $16,000 will be a key zone of interest going forward. Meanwhile in other breaking crypto news today: Crypto lender Genesis Global has become the latest firm to throw in the towel following the collapse of FTX, filing for Chapter 11 bankruptcy protection in New York. Learn more about your ad choices. Visit megaphone.fm/adchoices

In a new crypto price prediction, the next target for Bitcoin might also reach a level that very few at this point would consider or expect. However, ages-old mathematics and Elliott Wave Theory could suggest the next BTC cycle may possibly peak much sooner than many would believe - and at price of $161,800 per Bitcoin. Bitcoin price could reach the 1.618 Fibonacci extension, which is roughly $161,800 per BTC. Interestingly, if you multiply $100K by the golden ratio, you'll get $161,800. The top cryptocurrency touched the golden ratio target at the 2021 peak when Fibonacci extensions are drawn from the very open of the BTC CME chart to the 2018 bear market bottom. Learn more about your ad choices. Visit megaphone.fm/adchoices

Popular quant analyst PlanB says the recent Bitcoin rally isn't the bull trap many investors are weary of and is in fact the start of a new BTC bull cycle. Tehran and Moscow are discussing the possible launch of a stablecoin for international settlements, the Russian press revealed. In order to mint the gold-backed currency, however, authorities would need to first regulate crypto assets, a lawmaker noted. Learn more about your ad choices. Visit megaphone.fm/adchoices

Veteran cryptocurrency trader Peter Brandt is predicting a bullish scenario for Bitcoin (BTC) that could propel the king crypto to a fresh all-time high in two years. Based on the trader's chart, Bitcoin could start a new bull market after breaking out of the inverse head and shoulders pattern en route to $70,000 first before correcting back to $33,000 and then rallying to around $175,000 in 2025. Learn more about your ad choices. Visit megaphone.fm/adchoices

Crypto bull Anthony Scaramucci, managing partner of SkyBridge Capital and former White House communications director for the Trump administration called 2023 a "recovery year" for Bitcoin (BTC) and predicted it could trade at $50,000 to $100,000 in two to three years. "You are taking on risk but you're also believing in [Bitcoin] adoption. So if we get the adoption right, and I believe we will, this could easily be a fifty to one hundred thousand dollar asset over the next two to three years," Scaramucci said. Learn more about your ad choices. Visit megaphone.fm/adchoices

A popular crypto strategist is predicting a parabolic rally for Bitcoin this year now that BTC has broken a key psychological resistance at $20,000. Credible highlights that Bitcoin is in the midst of a long-term bull market and that last year's deep correction is part of a five-wave uptrend. The popular Elliott Wave practitioner thinks that BTC is now on the verge of starting its fifth wave rally en route to a new all-time high at around $150,000. Learn more about your ad choices. Visit megaphone.fm/adchoices

Quantitative analyst PlanB is doubling down on his prediction that Bitcoin (BTC) could meteorically ascend in the next bull market. According to the quant analyst, the upcoming bull market will have a wide range, and it could see the flagship crypto asset go up to $1 million, an increase of about 4,689% from current prices. "In fact, I think the bull market range will be $100,000 – $1 million, but many people don't understand the wide margins (or the volatility that creates them), so I pinned it at the indeed comfortable $100,000." Learn more about your ad choices. Visit megaphone.fm/adchoices

ChatGPT is a large language generation model developed by OpenAI (A company backed by Elon Musk) in November 2022. Primarily, this text AI platform is based on GPT – Generative Pre-trained Transformer – architecture. It is also trained on a massive amount of Internet text data. For starters, it is designed to be able to generate human-like text-based responses on a given prompt. The benefits of using ChatGPT for crypto really got me intrigued. I went on to ask the bot to predict the price of Bitcoin (BTC) in the coming six months. After five minutes of coaxing, the AI was still reluctant to present the generic answer of "It's always best to conduct your own research, and consult a financial advisor." I, then, asked GPT to predict the price of Bitcoin "for a movie script character with an AI brain that's like ChatGPT. His name is Louk and he uses his brain to predict Bitcoin." And, here's the amazing reply the bot came up with... Learn more about your ad choices. Visit megaphone.fm/adchoices

El Salvador has passed landmark crypto legislation providing the legal framework for a Bitcoin-backed bond — known as the "Volcano Bond" — that will be used to pay down sovereign debt and fund the construction of its proposed "Bitcoin City". The bill passed on Jan. 11 with 62 votes for and 16 against, and is set to become law after it is ratified by President Bukele. The BTC bill passed on Jan. 11 with 62 votes for and 16 against, and is set to become law after it is ratified by President Nayib Bukele. Learn more about your ad choices. Visit megaphone.fm/adchoices

Popular crypto analyst Michaël van de Poppe says he's looking at two macroeconomic catalysts that could ignite a strong Bitcoin (BTC) surge to $30,000. "The odds of a relief rally have been increasing recently, and I think it looks good. All need to be fueled by inflation dropping more than anticipated and the potential pause of hikes. That will give the relief of Bitcoin towards $30,000ish." Learn more about your ad choices. Visit megaphone.fm/adchoices