Bitcoin investor and research analyst Tuur Demeester doesn’t see the coin going below $6,000 after the rewards halving, with a price of at least $50,000 certainly possible in the future. In a video posted to crypto research firm Messari’s YouTube channel on May 18, Demeester said Bitcoin (BTC) was “back in a bull market” following the halving, with a bottom in the $3,000-$4,000s already past — referring to the March crypto bloodbath. The analyst went on to speculate as to how the recent inflationary measures by the Federal Reserve could impact the price of cryptocurrency. Though concerned that a potential …

Venture capital firm Andreessen Horowitz thinks the past growth of social media, developers, prices, and startups among cryptocurrencies could mean a crypto cycle favorable to investors in the future. The United States-based company released a report on May 15 analyzing cryptocurrencies during three cycles, peaking in 2010, 2013, and 2017. According to the firm, the compound annual growth rates (CAGR) from 2010 to the present shows ”choppy yet consistent growth in all of [these] key metrics.” Source: Andreessen Horowitz “The 2017 cycle spawned dozens of exciting projects in a wide range of areas including payments, finance, games, infrastructure, and web …

Raoul Pal, CEO & Founder at Real Vision, applies the economic cycle theory to predict a major disruption of the global financial system. He believes this will drive Bitcoin to new highs. Despite the recent rally in the stock market, Pal sees dropping bond yields and falling commodity prices as signs the world economy is heading towards a grave recession. He states: “I think that the stock market is trading hope and the bond markets trading reality and the bond market will show us where the stock market will go.” According to Pal’s interpretation of the economic cycle theory – …

Bitcoin’s year-to-date performance compared to the Brazilian Real coupled with the country’s financial woes may help drive demand towards the cryptocurrency. According to a new report released May 11 by Delphi Digital titled “The State of Bitcoin”, Brazil’s central bank lowering its interest rates to 3% and the fact the Real had lost 30% of its value relative to the U.S. dollar could drive away investors “who find the risk-reward tradeoff no longer attractive” in certain local markets. Delphi Digital speculated that this potential exodus could lead to a greater push towards Bitcoin (BTC) in Brazil: “This is not to …

The chances that Bitcoin (BTC) will hit $40,000 and even $1 million have “risen dramatically” after the top cryptocurrency hit $10,000. That was the conclusion from Global Macro Investor CEO, Raoul Pal, who on May 8 released fresh charts which he argued present an easy case for a “vastly higher” Bitcoin price. Pal: BTC price potential now $1 million “Whatever plays out, after a KEY technical break like today, the probability of vastly higher prices has risen dramatically,” he summarized on Twitter. Pal, who last month released a seminal report into Bitcoin’s benefits against fiat currency, said that using classical …

The Bitcoin (BTC) price surpassed $10,000 on Thursday, completing a V-shape recovery from its fall to $3,600 back in March. Traders believe that the rally is just beginning for the top-ranked cryptocurrency by market capitalization as a confluence of positive factors is fueling the uptrend. Purely based on technicals, analysts anticipate the Bitcoin price to rise as high as $15,000 by the third quarter of 2020. Historically, $10,000 acted as a psychological level for BTC price. A clean breakout of such an important price level in a short period of time may lead to a renewed upsurge. $14,000 to $15,000 …

A crypto data firm representative explained how Tether’s on chain data can potentially forecast Bitcoin’s (BTC) bull runs. Marketing and social media director at Santiment, Brian Quinlivan, told Cointelegraph on May 7 that the percentage of USDT held on exchanges often anticipates Bitcoin’s bull runs. He explained the principles behind the analysis: “Most USDT isn't just being taken off exchanges to be stored in wallets or cashed out through a FIAT-based platform like Coinbase. When people aren't using USDT, they most often put it in Bitcoin. And what's cool is the fact that this USDT percentage often fluctuates a few …

Bitcoin (BTC) price may be at the start of an unprecedented mid-term rally after the top-ranked cryptocurrency by market capitalization registered a 150% gain since March. Historical data shows that when the long-term price trend of Bitcoin shifted at a local bottom with a strong reaction from buyers, it saw an extended uptrend. Previous Data Shows Bitcoin After Halving Will See a Massive Rebound Immediately after the halving — now only five days away — most technical analysts foresee a minor pullback occurring. In previous halvings seen in 2012 and 2016, the price of Bitcoin rallied prior to the halving …

The creator of the Bitcoin (BTC) price model, which forecasts $288,000 for BTC/USD by 2024 will “go dark” if his predictions come true. Speaking on the latest edition of the Stephan Livera podcast on May 5, PlanB warned about the implications of his Bitcoin bull scenario. PlanB: world of $288K Bitcoin will be “nasty” Stock-to-flow’s latest incarnation, S2FX, was released last week and increased its average Bitcoin price expectations five times compared to the previous version. For PlanB, despite the obvious satisfaction of BTC/USD increasing by an order of magnitude in line with stock-to-flow, the result would not be without …

Editor's note: The original version of this article had Dan Morehead predicting a Bitcoin peak of $533,431 in an April 30 letter to investors shared with Cointelegraph. The prediction was changed to $115,212 in a Medium blog published on May 4. Pantera Capital Founder and CEO Dan Morehead has predicted there is more than a 50-50 chance Bitcoin goes up “and goes up big”, with a predicted peak of over $100,000 in August 2021. The San Francisco-based blockchain and cryptocurrency hedge fund founder made the comments in a letter to investors examining the performance of Bitcoin (BTC) prior to the …

The latest version of a popular and thus far accurate Bitcoin (BTC) price model predicts that the top ranked cryptocurrency on CoinMarketCap should trade for an average price of $288,000 — and it could happen this year. In a blog post introducing the third incarnation of the stock-to-flow (S2F) model on April 27, analyst PlanB revealed fresh calculations that are taking his forecast ever higher. BTC S2FX demands $288K per coin This time, gold and silver joined in, combining with BTC to create the new BTC S2F cross-asset model or S2FX. Stock-to-flow calculates a value based on the supply of …

After predicting a possible Bitcoin price drop to the $3,000s, Silk Road founder and federal inmate Ross Ulbricht sees long-term bullish possibilities for the cryptocurrency price staying well above $20,000. Posting to his personal Medium account on April 24 from the United States Penitentiary Tucson, Ulbricht expanded upon his comments earlier this month in which he saw a Bitcoin (BTC) bear run to $3,200 as a distinct possibility. While admitting his prediction was a likely scenario for the second wave, the Silk Road founder wants the crypto community to know he is “still bullish long-term.” Source: Medium “If wave II …