Bitcoin: How the $1 million rally begins
Bitcoin (BTC) is up 2.04% to $39,432 on Thursday 28 April 2022. This makes it one of the few cryptocurrencies, along with Ethereum (ETH) and Solana (SOL), to show a profit among the top 20 coins. The founder and former CEO of the Bitcoin Mercantile Exchange (BitMEX), Arthur Hayes, believes that a rosy future lies ahead for bitcoin. He firmly expects BTC to reach the magic mark of 1 million dollars before the end of the decade.
In a blog post, Hayes addressed what consequences the coronavirus pandemic and the war in Ukraine will have on the world's largest economies. He fears that the resulting consequences will show that central banks are no longer in control.
And as the flaws in Western financial policy come to light, bitcoin and gold will be the biggest beneficiaries of the new situation, as Hayes explained:
"Controlling the yield curve is the endgame. Once it is implicitly or explicitly decided, it is over for the value of the USD compared to gold and especially bitcoin. With yield curve control, the way is clear for bitcoin to rise to $1 million while gold climbs to $10,000 to $20,000. There is no other politically defensible option, and the actions against Russia are a guarantee that yield curve control will come sooner than you think."
Bitcoin technical price levels
Bitcoin had recently fallen below the support of the 38.2% Fibo retracement of $38,815. However, it managed to end yesterday above this level, suggesting an extension of the short-term recovery. This can now be continued towards the 50% Fibo retracement of $40,607. If the bulls succeed in breaking through this resistance, gains up to the 61.8% Fibo retracement of $42,399 are possible.
On the other hand, the 23.6% Fibo retracement of $36,599 offers further support if the bears bring down the 38.2% Fibo retracement.
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 60% | 78 | $22 830.69 | -4.00% | -0.52% | $440 116 562 399 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 62% | 83 | $1 567.24 | -4.81% | -3.79% | $191 789 399 777 |  |
|
| 3 |  USDT |
Tether predictions | 96% | 1 | $1.000078 | 0% | -0.01% | $67 781 342 385 |  |
|
| 4 |  BNB |
Binance Coin predictions | 71.6% | 62 | $307.00 | -3.30% | 0.45% | $48 475 686 080 |  |
|
| 5 |  USDC |
USD Coin predictions | 95.6% | 1 | $1.000097 | 0% | 0.02% | $42 712 574 255 |  |
|
| 6 |  XRP |
XRP predictions | 68.4% | 65 | $0.394679 | -4.64% | -7.19% | $20 051 109 625 |  |
|
| 7 |  BUSD |
Binance USD predictions | 93.2% | 1 | $1.000027 | -0.04% | -0.01% | $15 732 612 269 |  |
|
| 8 |  ADA |
Cardano predictions | 63.6% | 72 | $0.372216 | -6.14% | -0.88% | $12 876 317 286 |  |
|
| 9 |  DOGE |
Dogecoin predictions | 70% | 64 | $0.088159 | -2.33% | -0.57% | $11 696 160 812 |  |
|
| 10 |  STETH |
Lido stETH predictions | 91.2% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
|
| 11 |  MATIC |
Polygon predictions | 65.6% | 73 | $1.086506 | -7.74% | 9.11% | $9 489 885 842 |  |
|
| 12 |  SOL |
Solana predictions | 56.8% | 94 | $23.94 | -8.40% | -1.81% | $8 897 955 616 |  |
|
| 13 |  DOT |
Polkadot predictions | 59.2% | 81 | $6.19 | -6.46% | -5.92% | $7 131 777 560 |  |
|
| 14 |  LTC |
Litecoin predictions | 70.8% | 55 | $91.25 | -4.07% | 1.30% | $6 585 562 085 |  |
|
| 15 |  WTRX |
Wrapped TRON predictions | 66% | 72 | $0.062203 | -2.41% | -0.99% | $6 324 607 060 |  |
