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 | 96% | 2 | $26 928.47 | -0.71% | 1.47% | $525 089 762 777 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 94% | 3 | $1 665.19 | 0.42% | 4.57% | $200 215 397 562 |  |
|
| 3 |  USDT |
Tether predictions | 96% | 1 | $0.999859 | -0.02% | -0.02% | $83 264 814 922 |  |
|
| 4 |  BNB |
Binance Coin predictions | 94.8% | 2 | $215.67 | 0.18% | 2.40% | $33 180 858 234 |  |
|
| 5 |  XRP |
XRP predictions | 92.8% | 8 | $0.532033 | 4.66% | 3.39% | $28 363 921 577 |  |
|
| 6 |  USDC |
USD Coin predictions | 93.6% | 1 | $1.000025 | -0.03% | 0% | $25 224 083 856 |  |
|
| 7 |  STETH |
Lido stETH predictions | 91.2% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
|
| 8 |  WTRX |
Wrapped TRON predictions | 85.2% | 26 | $0.089033 | 3.90% | 6.31% | $9 052 505 410 |  |
|
| 9 |  DOGE |
Dogecoin predictions | 90.4% | 6 | $0.061973 | 0.87% | 0.88% | $8 751 141 540 |  |
|
| 10 |  ADA |
Cardano predictions | 90% | 7 | $0.249024 | -0.02% | 2.13% | $8 747 839 413 |  |
|
| 11 |  SOL |
Solana predictions | 86.8% | 18 | $20.25 | 2.78% | 4.53% | $8 360 680 712 |  |
|
| 12 |  TRX |
TRON predictions | 85.6% | 22 | $0.089574 | 3.69% | 7.57% | $7 978 844 652 |  |
|
| 13 |  TON |
Toncoin predictions | 62.8% | 84 | $2.21 | -0.96% | -3.88% | $7 601 171 597 |  |
|
| 14 |  DAI |
Dai predictions | 94% | 1 | $0.999946 | -0.07% | 0.05% | $5 347 597 900 |  |
|
| 15 |  DOT |
Polkadot predictions | 93.2% | 7 | $4.08 | -0.14% | 1.68% | $5 010 206 612 |  |
