The world of cryptocurrency is once again buzzing with excitement as a Bitcoin fractal analysis suggests a staggering price target of $320,000 by May. This bold prediction is just one among several major forecasts outlined in the article, offering a glimpse into what 2022 might have in store for Bitcoin and the broader crypto market.
The heart of the discussion revolves around the intriguing concept of fractal analysis applied to Bitcoin’s price movements. By identifying patterns in historical price charts and extrapolating them into the future, analysts propose a potential trajectory that could see Bitcoin reaching an impressive $320,000 by May. The crypto community is keenly watching to see if this fractal unfolds as predicted, adding a layer of anticipation to the evolving narrative of Bitcoin’s price journey.
The article doesn’t stop at the $320,000 forecast; it delves into five major predictions for the broader cryptocurrency space in 2022. These forecasts may shape the landscape of digital assets and influence investor sentiment in the coming months. As with any predictions, it’s important for market participants to approach them with a balanced perspective, considering the dynamic nature of the crypto market.
For investors navigating the cryptocurrency landscape, the predictions outlined in the article provide valuable insights into potential trends and developments. From regulatory shifts to technological advancements, these factors can significantly impact the market, and staying informed is crucial for making informed decisions.
As the crypto community gears up for the unfolding year, the prospect of Bitcoin reaching $320,000 and the other predictions outlined in the article contribute to the ongoing dialogue about the future of digital currencies. Whether these projections materialize or introduce unexpected twists to the narrative, the cryptocurrency landscape is sure to be dynamic and full of surprises.
Investors are encouraged to exercise caution, conduct thorough research, and consider a diverse range of factors when navigating the crypto market. The coming months will undoubtedly reveal the extent to which these predictions align with market realities and whether 2022 will indeed be a transformative year for Bitcoin and the broader cryptocurrency ecosystem. As the crypto saga continues, buckle up for a potentially thrilling ride in the world of digital assets.
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MAX KEISER SAYS BITCOIN WILL GO TO $1M AS GOVERNMENTS START PUTTING BTC ON THEIR BALANCE SHEET!!
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Bitcoin bull and Wall Street veteran Max Keiser has issued a massive BTC price prediction, saying as game theory suggest, governments around the world will start putting Bitcoin on their balance sheet sending BTC parabolic to $1,000,000.Â
The RT host of the Keiser Report shared the following:
âAs long as governments control money, there could be no advances in money. Along comes bitcoin, it separates government from money. No government can touch btc, theyâre completely divided & divorced.
And as I predicted, if you gave people hard money like bitcoin to transact without the interference of government it would be an economic global boom, a renaissance.
We can transact in unconfiscatable, uncensorable money when nobody can stop us because weâre protected by this encrypted shield called the bitcoin protocol thatâs impenetrable & nobody can stop us.
Governments have flapped their gums a lot & suggested oh we are against it but none of them can stop it. Eventually one of these governments according to game theory is gonna say you know what, enough is enough weâre gonna start putting it on our balance sheet here.
And whatever country that might be & then every other country will do exactly the same thing and the price of course will go $500K, $600K, $1,000,000 a bitcoin and Max & Stacy will be once again 100%Â right.â
In other trending Bitcoin News today:
A Bitcoin Price Dip For Ants? BTC Quickly Rebounds to a New High Above $57,800
The price of Bitcoin (BTC) dipped to as low as $53,905 on Binance overnight, recording a sudden 6% drop. But despite the minor correction, the price of Bitcoin quickly recovered thereafter, reaching a new all-time high above $57,800 on Feb. 21.
Although Bitcoin saw a steep drop within merely hours, analysts pinpointed that it fell to the exact bottom of a short-term trendline.
John Cho, the Director of Global Expansion at Ground X, noted that the drop was a liquidity fill at a lower price.
A liquidity fill simply means when an asset drops after stagnating to fill buy orders at the bottom of the range
A drop was expected because Bitcoin was consolidating with the futures funding rate at around 0.15%.
Across major futures exchanges, the Bitcoin futures funding rate was hovering between 0.1% to 0.2%, and it was particularly high for stablecoin pairs.
Bitcoin futures exchanges use a mechanism called funding to incentivize buyers or sellers based on market sentiment.
For example, when there are more buyers in the market, the funding rate turns positive. When that happens, buyers have to pay sellers a portion of their position every eight hours.
When the funding rate is high but the price of Bitcoin is consolidating, the risk of a big short-term drop increases.
The funding rate for altcoins, including Ether (ETH) and DeFi tokens, reset to around 0.05%. As such, altcoins saw a stronger bounce than BTC.
Misa Christanto, an analyst at Messari, said that in a bear market, everything is correlated. But Bitcoin, which is also considered a âreflation trade,â has been resilient. She wrote:
âUS Treasury curve is steepening. Why should we care? Because in a bear market, everything is correlated. So far the headwinds have been on equity returns, on unprofitable tech names. Reflation trades like $BTC unaffected.â
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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.
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“As long as governments control money, there could be no advances in money. Along comes #bitcoin, it separates government from money. No government can touch #btc, theyâre completely divided & divorced.”-@MaxKeiserđđ
â Crypto News Alerts đ„đ (@CryptoNewsYes) February 20, 2021
âThese banks will not compete. They will not introduce anything near a #Bitcoin. Just like there was only one Joan of Arc, there was only one Virgin Mary, there was only one Allah, there can be only one #BTC & it rules supreme.â â @MaxKeiser (Keiser Report 443, May 11, 2013) đđ
â Crypto News Alerts đ„đ (@CryptoNewsYes) February 20, 2021
In percentage terms, Bitcoin growing from $57K to $1M is the same as going from $3,249 to $57K.
â Stack Hödler (@stackhodler) February 20, 2021
On-Chain Data: The Last Time This Happened, Bitcoin Rose Another 2x
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BLOOMBERG: WHY THE BITCOIN PRICE WILL DOUBLE TO ,000 IN 2020 | BTC Fireworks Are Imminent
âĄïžÂ Teeka Tiwari â Investment of the Decade:  http://2020.cryptonewsalerts.net
The Bitcoin price took a heavy beating yesterday after attempting to break past $10,000 for the first time in weeks.
BTC plunged by $1,500 in three minutes, falling as low as $8,600 on BitMEX due to a barrage of sell orders.
On spot exchanges and some other derivatives exchanges, the cryptocurrency managed to hold the low-$9,000s.
Despite the brutal sell-off, a Bloomberg analyst sees Bitcoin hitting $20,000 in 2020.
He cited a confluence of fundamental factors to back this cheery prediction.
According to senior commodities analyst at Bloomberg Mike McGlone, the leading cryptocurrency is on track to hit $20,000 by the end of 2020.
McGlone explained Bitcoinâs price action over the past few months, before and after Mayâs block reward halving, is looking much like the price action in 2016.
Should the historical relationship continue, BTC could hit $20,000:
âBitcoin is mirroring the 2016 return to its previous peak. Fast forward four years and the second year after the almost 75% decline in 2018, Bitcoin will approach the record high of about $20,000 this year, in our view, if it follows 2016âs trend.â
McGloneâs optimism boils down to a large confluence of market factors, some of which are as follows:
* BTC is outperforming the stock market, which may draw more investors into the cryptocurrency market.
* Bitcoin is gaining institutional adoption, as evidenced by the CME futures market. * The number of active BTC addresses is increasing.
* The halving should have a positive effect on the supply-demand dynamic of the crypto market.
McGlone is far from the only individual eyeing $20,000. Arthur Hayes, chief executive of BitMEX, explained in the April edition of his newsletter âCrypto Trader Digestâ that the asset is on track to set a new all-time high this year.
The record amount of fiscal and monetary stimulus being spearheaded by central banks and governments around the world will back the trend,
Hayes wrote:
âEveryone knows the shift is upon us, that is why central bankers and politicians will throw all of their tools at this problem. And I will reiterate, that is inflationary because more fiat money will chase a flat to declining supply of real goods and labour. There are only two things to own during the transition to whatever the new system is and that is gold and bitcoin.â
This was echoed to a T by Dan Morehead of Pantera Capital, one of the leading crypto- and blockchain-centric funds in the world.
Morehead explained in his companyâs March newsletter that by increasing the money supply, central banks are encouraging scarce assets to increase in dollar values:
âAs governments increase the quantity of paper money, it takes more pieces of paper money to buy things that have fixed quantities, like stocks and real estate, above where they would settle absent an increase in the amount of money. I think they will do that. The corollary is theyâll also inflate the price of other things, like gold, bitcoin, and other cryptocurrencies.â
In other trending Bitcoin News today:
These Two Key Factors Show âFireworksâ in the Bitcoin Market Are Imminent
According to Hans Hague, a senior quantitative analyst at crypto-asset fund Ikigai Asset Management, Bitcoin is currently in âheavy accumulation.â
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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.
Show Notes / Resources:
Last but not least, Adjusted Binary BDD shows that we are clearly in a heavy accumulation period. Couple this with the recent halving and you’ve got fireworks. HODL on my friends. Let Bitcoin do the heavy lifting. pic.twitter.com/zXGBSkkFV8
â Hans HODL (@hansthered) June 2, 2020
These Two Key Factors Show âFireworksâ in the Bitcoin Market Are Imminent
Bloomberg Analyst: Why the Bitcoin Price Will Double to $20,000 in 2020
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BREAKING: FIDELITY PRESIDENT LAUNCHES NEW BITCOIN FUND; 0,000 BTC MINIMUM BUY-IN PRICE!!
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One of the largest mutual funds in the U.S., Fidelity Investments, is enhancing its efforts in the Bitcoin and crypto space with its chief strategist, Peter Jubber, starting an institutional-grade and high net worth clients-focused BTC index.
According to a filing sent to the Securities Exchange Commission (SEC), Fidelity Investments has launched a new Bitcoin index fund, âWise Origin Bitcoin Index Fund I, LPâ that targets high net worth investors and institutions.
A $100,000 minimum buy-in value is required by the index fund following the demand by corporations and accredited investors on Wall Street on cryptocurrency investments.
The Wise Origin Bitcoin fund was launched by the head of strategy and planning at Fidelity Investments, Peter Jubber, in conjunction with the mutual fundâs brokerage and distribution divisions.
The fund aims to provide a gateway for accredited investors on Wall Street to dip their feet into crypto.
Fidelity is known for its soft stance on crypto investing, owning stakes in crypto companies such as Canadian mining firm, 8Hut, and providing custodial services to institutions.
Jubber, also a well-known enthusiast and evangelist of Bitcoin and blockchain, in 2017 said the firm was sketching out a decade long plan on the impacts and opportunities that blockchain technology offers to traditional finance.
Peter will lead the âWise Origin Bitcoin Index Fundâ as the executive director and FDâs Fundâs president.
Reports on Forbes also confirm that a Delaware based firm, FD Funds GP will become a general partner to Fidelityâs new BTC fund.
Fidelityâs reports on the cryptocurrency market this June showed that over 36% of big institutional investors were taking up digital assets, and another 80% of them stating they find crypto appealing.
Moreover, a recent report by the mutual fund concluded there is an increasing interest in Bitcoin as a store of value with the worldâs witnessing unprecedented fiscal and monetary policies.
In other trending Bitcoin News today:
Stablecoin metric hints Bitcoin price will rise as buyers snap up BTC!
At $11,400, Bitcoin (BTC) is ripe for a fresh price surge thanks to stablecoin investors buying up cheap coins, data suggests.
Highlighting the latest readings from its stablecoin supply ratio (SSR) metric on Aug. 26, on-chain monitoring resource Glassnode forecast upside for BTC/USD.
SSR refers to the potential buying power of stablecoins over Bitcoin. A low Bitcoin price allows stablecoin owners, for example, on exchanges, to purchase more of the BTC supply.
This demand pushes the price of Bitcoin up, given its predictable, verifiable supply and high stock-to-flow ratio.
As the price increases, stablecoins, which remain priced the same in whichever fiat currency they are pegged to, can buy less of the BTC supply.
The ability to enter a BTC position is called âbuying power.â
Currently, that buying power is high, meaning stablecoin owners can purchase a comparatively large amount of the supply.
âSSR is 3x stronger than it was when BTC hit these price levels over a year ago,â Glassnode commented.
In another tweet, the firm noted that the largest stablecoin, Tether (USDT), was conspicuously primed to enter such positions.
âFurther support comes from an increase in the $USDT (ERC20) balance on exchanges over the past year â indicating that stablecoins are waiting on the sidelines.â
Tetherâs market cap passed a landmark $10 billion in July. In terms of average daily transfer value, USDT beat both Bitcoin and PayPal this month.
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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.
Show Notes / Resources:
đ„đ„đ„This is a game changer: Nasdaq listed company with $250M bitcoin (25% of assets, 15% of market cap) is basically a bitcoin ETF!Shareholders have 15% BTC exposure and 85% tech. No capital charges (like banks & pension funds), no SEC approval needed (like ETF)
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â PlanB (@100trillionUSD) August 27, 2020
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â PlanB (@100trillionUSD) August 26, 2020
https://medium.com/@100trillionUSD/bitcoin-stock-to-flow-cross-asset-model-50d260feed12
https://cointelegraph.com/news/stablecoin-metric-hints-bitcoin-price-will-rise-as-buyers-snap-up-btc
https://cointelegraph.com/news/latest-fidelity-filing-outlines-mainstream-bitcoin-trading-product
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