Bitcoin News Alerts | Daily BTC Macro Signal

Crypto analyst and DataDash host Nicholas Merten says the king crypto (Bitcoin) will hit new all-time highs sooner than most traders think and end the year between the $150,000 - $200,000 range. "What we generally see here, as we've had drawn on the chart for some time, is that after we go through this May rally, even if we get a slight pullback here in the middle of the month, we would still continue higher here, get well up here towards around $75-90k for Bitcoin's price, come down and make that support, and going from August or Septemeber, really starting to charter into November and December, up towards around $150-$200k." Learn more about your ad choices. Visit megaphone.fm/adchoices

A closely followed cryptocurrency analyst and trader is unveiling what he believes will propel Bitcoin to his target of $58,000 per BTC. Also global investment giant VanEck is predicting Bitcoin could surge by over 100X as hard currencies become less attractive reserve assets. "The implied price of Bitcoin using the same aggregate M0 that we used for gold is around $1,300,000 per coin. The implied price of Bitcoin using global M2 is $4,800,000 per coin." Learn more about your ad choices. Visit megaphone.fm/adchoices

The long-term outlook remains incredibly bullish for Bitcoin enthusiasts, including VanEck. The ETF and Mutual Fund Manager predicts the king cryptocurrency (BTC) reaching between $1.3 million - $4.8 million if it becomes the global reserve asset. "Asset manager Van Eck says the Bitcoin price implied by global M0 and M2 is between $1,300,000 and $4,800,000 if it replaces fiat currency reserves as the next global reserve asset." - Mike Alfred Learn more about your ad choices. Visit megaphone.fm/adchoices

American investment firm VanEck believes that Bitcoin (BTC) has double the upside of gold and could be worth as much as $4.8 million per coin if it becomes the global reserve asset. VanEck's analysis found that the implied price for the king cryptocurrency ranged from $1.3 million to $4.8 million. The lower prediction was based on BTC as a monetary base (M0), which investment database Investopedia says includes all circulating supply of a currency and bank deposits but is not a common marker for economists to look at. Learn more about your ad choices. Visit megaphone.fm/adchoices

Popular crypto analyst Nicholas Merten says the king cryptocurrency Bitcoin is in the middle of a push to $70,000, with one critical resistance level left in play. Another popular analyst Plan C shares, "I do believe in diminishing returns as well as diminishing losses. My cycle peak target is 120-180k" This was in response to Crypto Rovers tweet, "If we believe in the diminishing return structure, we should look at a Bitcoin market cycle peak somewhere around $170,000!" Learn more about your ad choices. Visit megaphone.fm/adchoices

For the first time this year, $48,000 Bitcoin price is hit, with previously cautious commentators increasingly flipping bullish on the king crypto. Now, while acknowledging the need for a further pullback in an ideal scenario, popular trader Crypto Ed said that the time was right to be "very bullish" on BTC going forward. "Hope for a little bit more down today, but often in these kind of bull markets, it's too much asking for," he said in his latest YouTube update. Zooming out, Ed eyed an ongoing construction in place since the lows of summer last year. While these could technically still reappear, there were "strong doubts" about such a situation, and should the bullish follow-through occur, the target for completion was beyond current all-time highs. "That gives me a target of around $80,000," he concluded. Learn more about your ad choices. Visit megaphone.fm/adchoices

The last time Bitcoin closed above the EMA Ribbon was after a double bottom + Higher High, which sent the king cryptocurrency parabolic from $8,000 to $64,000. "$230,000 is the next touch of the dotted line which is a good indicator for a possible next top of BTC. Bitcoin initiated with the pattern since the beginning of the 2019 flip. The asset rebounded from the lows firmly at $3100 and surged high to hit $64,000 in 2021. Further, the asset plunged and again smashed the current ATH close to $70K. In the due course, it formed a double bottom as it had formed before. Therefore, if the BTC price follows a similar pattern then, no stronger sell area may be encountered before it smashed $200K somewhere close to the end of 2023 as predicted by the analyst. Learn more about your ad choices. Visit megaphone.fm/adchoices

Microstrategy CEO and Bitcoin bull Michael Saylor expects the Bitcoin price to hit $600,000 per coin before eventually reaching $6,000,000 per BTC, noting that the king crypto is "unstoppable" and will replace gold to, "emerge as a $100 trillion asset class." "Once upon a time, gold was the most desirable store of value. Now bitcoin is taking its place." Microstrategy described itself as "the largest publicly traded corporate holder of bitcoin in the world and the first public company to adopt bitcoin as primary treasury reserve asset." Its corporate strategy is to "Acquire and hold bitcoin long-term" and "purchase bitcoin through use of excess cash flows, and debt and equity transactions." Learn more about your ad choices. Visit megaphone.fm/adchoices

On March 25, Bitcoin climbed another 2.5% to over $45,000, its highest levels in over three weeks. Alexander Mamasidikov, a co-founder of crypto wallet service MinePlex, noted that the BTC price could jump to $50,000 next. "These positive price trend activities have impacted BTC thus far and a sustained accumulation or investment from both retail and institutional investors is poised to push the coin to form strong support above $50,000 towards mid-April." In other rending Crypto News today: Max Keiser and Mexican Billionaire Ricardo Salinas visit El Salvador Bitcoin Mine with helicopter. A new delegation of influential bitcoin maximalists has just arrived in El Salvador to dine with president and visit the volcano Bitcoin mine. Learn more about your ad choices. Visit megaphone.fm/adchoices

Senior Bloomberg strategist Mike McGlone believes that Bitcoin (BTC) could crash before hitting a six-figure price in the coming months. In a new video interview, McGlone says that the flagship crypto is likely to fall to a key support level of $30,000 before it rallies to a price of $100,000 per coin, a gain of 230%. "If you buy it [Bitcoin] at around $41,000, I think, maybe in less than a year, you should expect to go around $100,000. But at these levels right now, we might easily see $30,000 first. And I fully expect that's kind of the risk-reward because $30,000 has been the key support." Learn more about your ad choices. Visit megaphone.fm/adchoices