Bitcoin News Alerts | Daily BTC Macro Signal

A new report from Kraken Intelligence uses the Bitcoin 200-week moving average as a crystal ball, to project the future price of the king crypto. Specifically, Kraken looks at the multiples that BTC has traded at relative to its 200-week moving average in the past. If Bitcoin once again climbs to a 10x to 15x multiple of its 200-week moving average, which Kraken analysts say is in the historical range, this would imply a future price range of $214,985 to $322,478. Learn more about your ad choices. Visit megaphone.fm/adchoices

A popular crypto strategist is predicting a surge in price for Bitcoin as he maps out BTC's possible trading range over the next few months. Pseudonymous analyst Kaleo tells his 527,900 Twitter followers that a strong Bitcoin rally is imminent. Kaleo's chart predicts a huge Bitcoin bounce to around $28,000 in the short term prior to another leg down below $20,000, which would then be followed by a grind up to $30,000. "I still believe the most likely outcome is a range between $20,000 [and] $30,000 through at least the next several months, so while a bounce from here might take us to around $30,000, I don't see it as anything to get over-excited about quite yet." Learn more about your ad choices. Visit megaphone.fm/adchoices

A popular crypto analyst is anticipating a major relief rally for Bitcoin (BTC) amid uncertainties in the cryptocurrency markets. In a new strategy session, Nicholas Merten tells his 515,000 YouTube subscribers that more people are now willing to buy Bitcoin as sellers of the flagship digital asset have been forced out of the market. "We do believe that an extended bear market could still play out. We [also] do believe in the reality that there is likely going to be a relief rally in the market like there has been in the past, and it simply has to do with the fact that a lot of sellers have been forced out of the market." Learn more about your ad choices. Visit megaphone.fm/adchoices

Billionaire investor Thomas Peterffy – Founder and Chairman of Interactive Brokers – believes the American authorities might ban crypto amid concerns that they facilitate illegal activities. Nonetheless, the billionaire remains a HODLer, vowing to purchase more Bitcoin (BTC) if its price drops to $12,000. "I believe inflationary pressures will continue for years, not months. This is not a short-term issue. Even I myself have put a little bit of money into crypto, because even though chances are, I think, that this is not going to be a viable market, I think that there's a small chance that this will be a dominant currency, so you have to play the odds." Learn more about your ad choices. Visit megaphone.fm/adchoices

Shark Tank millionaire investor, Kevin O'Leary thinks that the crypto market bottom will be marked by "total panic," at which point weak companies with "idiot managers" will be weeded out and the industry can continue to grow. "Once regulations are in place, the price of Bitcoin will quadruple." It's unfortunate that these companies have gone to zero but you end up with much stronger species." Learn more about your ad choices. Visit megaphone.fm/adchoices

Here's the only clear path for Bitcoin to one day reach $300,000 which equates to a monster 15-fold return from today's BTC price. The king crypto (Bitcoin) as a store of value aka digital gold can easily eclipse $300,000, it's just a matter of time. Also in todays breaking Bitcoin News: A popular cryptocurrency trader warns BTC could nosedive to $8,500 as the crypto market encounters severe macroeconomic headwinds. Learn more about your ad choices. Visit megaphone.fm/adchoices

A new study finds that many Wall Street investors believe Bitcoin hasn't bottomed out and will fall to nearly half its current value. A new Bloomberg MLIV Pulse survey says it asked 950 Wall Street investors whether they expected the king crypto (BTC) to first recapture the $30,000 level or fall to $10,000, with 60% saying they agreed with the bearish scenario. The poll ran from July 5th to 8th, during which time Bitcoin ranged from a low of $19,420 up to as high as $22,109. At Bitcoin's current price of $19,883, the leading crypto asset by market cap would have to drop by 49.7% to be priced at $10,000. Learn more about your ad choices. Visit megaphone.fm/adchoices

Former BitMEX CEO Arthur Hayes has doubled down on his uber-bullish Bitcoin price prediction, claiming that the price of the world's largest crypto (BTC) will eventually hit a whopping $1 million per coin. Hayes recently predicted that the price of Bitcoin would touch $1 million by 2030. He believes that Bitcoin would be able to reach that milestone because of the "HODL culture." Users with a high level of conviction will not sell their holdings since they anticipate significant price appreciation in the future. "The DoomLoop has begun. 1 USD = 1 EUR. Prepare yourselves for YCC and $BTC = $1 million. But please be patient, these things take time." Learn more about your ad choices. Visit megaphone.fm/adchoices

A closely tracked crypto strategist who continues to build his following with timely Bitcoin predictions says the king crypto asset (BTC) could be gearing up for a significant rally. Cryptocurrency analyst Kevin Svenson tells his 110,200 Twitter followers that he's looking at Bitcoin's moving average convergence divergence (MACD) indicator on the three-day chart which suggests that Bitcoin is likely setting up for a sustained bounce. "Bitcoin three-day MACD cross will likely lead to continuation up. The three-day candle closes tonight. We're very likely going to confirm the cross soon." Learn more about your ad choices. Visit megaphone.fm/adchoices

Shark Tank star Kevin O'Leary says he's expecting to witness a massive Bitcoin capitulation event that will trigger fear and panic among crypto investors. "I like a big, big panic event. That's always been a great way to bottom. It's towel throwing. It's capitulation. It's massive volume. It's total panic in the streets and always a great buying opportunity. I have no idea who's next. Could be tomorrow morning, could be a month from now, but it's coming to a theater near you, and it will definitely be a very good thing for this industry. It'll be a great thing because it'll take out all of the bad broken business models, the heavy leveraged [and] the speculation that was too risky." Learn more about your ad choices. Visit megaphone.fm/adchoices