Bitcoin News Alerts | Daily BTC Macro Signal

Bloomberg crypto analyst Mike McGlone has labeled Bitcoin (BTC) a "wild card" which is "ripe" to outperform once traditional stocks finally bottom out. "Bitcoin is a wild card that's more ripe to outperform when stocks bottom, but transitioning to be more like gold and bonds." Meanwhile, separate observations from monitoring resource Whalemap focused on a potential sale of 5,000 BTC, which had previously stayed dormant since Christmas 2013. "Someone cashed out 5000BTC yesterday making a whopping a $95,000,000 profit. Original price of acquisition was $698 for him which is a 2800% increase from current price." Learn more about your ad choices. Visit megaphone.fm/adchoices

The largest bank in Singapore is backing Bitcoin, crypto and blockchain tech despite the regulatory uncertainty and market downturn. According to a new report from the Financial Times, DBS CEO Piyush Gupta says the recent cryptocurrency slump shows the need for regulated financial institutions to offer digital asset products. DBS first rolled out its crypto exchange for institutional and accredited investors in late 2020, offering trading services for Bitcoin (BTC), Ethereum (ETH), XRP and Bitcoin Cash (BCH). Earlier this year, Gupta announced plans to further expand its crypto offerings. Learn more about your ad choices. Visit megaphone.fm/adchoices

Crypto veteran and Bitcoin OG Bobby Lee says he remains bullish on Bitcoin (BTC), Ethereum (ETH) and the wider cryptocurrency market despite the recent downturn. In an interview with Bloomberg, Lee says that if the predictions for a severe crypto winter fail to materialize, Bitcoin and Ethereum will easily go back to their all-time highs recorded in November of 2021. The crypto veteran says that the upgrade that will see Ethereum transition from a proof-of-work (PoW) consensus mechanism to proof of stake (PoS) will serve as the catalyst that will see the two crypto assets rally back to their record highs. Learn more about your ad choices. Visit megaphone.fm/adchoices

HEX founder Richard Heart predicted exclusively to Watcher Guru in May 2022 that Bitcoin will crash to $11,000. At the time of his prediction, BTC was trading at $29,915, and four months later now, it is at $19,000. Watcher Guru reached out to the crypto tycoon again if he still believes that BTC is headed towards $11,000. Heart doubled down on his predictions claiming that Bitcoin will crash to $11K dipping 85% from its all-time high of $69,044, which it reached in November 2021. "Bitcoin will continue to fall down to $11,000 as long as the grayscale discount to NAV exists. It's the normal 85% price dip Bitcoin does. Mt GOX coins being released is more potential sell pressure," he said to Watcher Guru. Learn more about your ad choices. Visit megaphone.fm/adchoices

Ethereum (ETH) creator Vitalik Buterin has an idea for what the state of Bitcoin (BTC) will look like twenty years from now. In a new interview with economist Noah Smith, Buterin says that in the medium term, he thinks crypto assets including Bitcoin and Ethereum will become about as volatile as gold or the stock market, moving away from the big bubble and crash phases of the past. The cryptocurrency visionary also says that even though crypto could satisfy a few key narratives in the next two decades, mainstream adoption is going to be the biggest factor in determining the fate of digital assets. Learn more about your ad choices. Visit megaphone.fm/adchoices

Matt Wallace, a well-known crypto influencer, predicts we could see Bitcoin at over $500k and Dogecoin (DOGE) over $3 by the end of 2024. "We are barely beginning to scratch the surface of crypto adoption," says Wallace. "Crypto solves so many problems that its meteoric rise is inevitable! BTC is the best store of value, and Dogecoin is the most popular currency in the crypto space. Together they will dominate the world economy. $500,000 Bitcoin isn't just possible; it's inevitable. As BTC rises, Dogecoin will have a clear path to well over $3," Matt told TechBullion. Learn more about your ad choices. Visit megaphone.fm/adchoices

The current BTC price prediction has Bitcoin hovering around $200K by 2027. By 2030, the average projection is sitting at half a million dollars! And by 2032, the king crypto (BTC) could hit $800K or more. Even though, these are lofty Bitcoin price expectations, major players such as the Winklevoss Twins, Cathie Wood of Ark Invest and cryptocurrency exchange Changelly are all sticking to these forecasts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Karl Racine, Attorney General for the District of Columbia in the United States, has announced that his office has sued business intelligence firm MicroStrategy and its Bitcoin bullish co-founder Michael Saylor for charges related to tax evasion. However, there is no shaking Saylor's confidence, who assured that there is no price target for the king crypto at which MicroStrategy will begin liquidating its BTC holdings. Even as the market-wide meltdown evaporated trillions of value, the leading Bitcoin maximalist and his company is patiently holding firm. "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." Learn more about your ad choices. Visit megaphone.fm/adchoices

Bitcoin price double-bottom and then to $30K? The conflicting upside signal comes from a potential double-bottom pattern on the BTC longer-timeframe charts against the United States dollar. Double-bottoms are bullish reversal patterns that resemble the letter W due to two lows and a change in direction from downside to upside. Meanwhile, a double-bottom's upside target is found after measuring the distance between the pattern's peak (neckline) and lowest levels and adding the outcome to the breakout point, as illustrated below. In other words, a potential 50% price rally taking the king crypto to the $30K level. Learn more about your ad choices. Visit megaphone.fm/adchoices

It's been a rocky start to the year for Bitcoin, but crypto experts still say it will hit $100,000 per coin - and that it's more a matter of when, not if. Despite the volatility and recent slumping price, many experts still say BTC is on its way to passing the $100,000 mark, though with varying opinions on exactly when that will happen. And a recent study by Deutsche Bank found that about a quarter of Bitcoin investors believe Bitcoin prices will be over $110,000 in five years. Learn more about your ad choices. Visit megaphone.fm/adchoices