Bitcoin
BTC$22 830.69

-4.00%

Ethereum
ETH$1 567.24

-4.81%

Tether
USDT$1.000078

0%

Binance Coin
BNB$307.00

-3.30%

USD Coin
USDC$1.000097

0%

XRP
XRP$0.394679

-4.64%

Bitcoin: How the $1 million rally begins


28 Apr 2022

#Bitcoin

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.

Bitcoin: How the $1 million rally begins

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.


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Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 60% 78 $22 830.69 -4.00% -0.52% $440 116 562 399 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 62% 83 $1 567.24 -4.81% -3.79% $191 789 399 777 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 96% 1 $1.000078 0% -0.01% $67 781 342 385 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 71.6% 62 $307.00 -3.30% 0.45% $48 475 686 080 BNB 7 days price change
5 USD Coin (USDC) USDC USD Coin predictions 95.6% 1 $1.000097 0% 0.02% $42 712 574 255 USDC 7 days price change
6 XRP (XRP) XRP XRP predictions 68.4% 65 $0.394679 -4.64% -7.19% $20 051 109 625 XRP 7 days price change
7 Binance USD (BUSD) BUSD Binance USD predictions 93.2% 1 $1.000027 -0.04% -0.01% $15 732 612 269 BUSD 7 days price change
8 Cardano (ADA) ADA Cardano predictions 63.6% 72 $0.372216 -6.14% -0.88% $12 876 317 286 ADA 7 days price change
9 Dogecoin (DOGE) DOGE Dogecoin predictions 70% 64 $0.088159 -2.33% -0.57% $11 696 160 812 DOGE 7 days price change
10 Lido stETH (STETH) STETH Lido stETH predictions 91.2% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
11 Polygon (MATIC) MATIC Polygon predictions 65.6% 73 $1.086506 -7.74% 9.11% $9 489 885 842 MATIC 7 days price change
12 Solana (SOL) SOL Solana predictions 56.8% 94 $23.94 -8.40% -1.81% $8 897 955 616 SOL 7 days price change
13 Polkadot (DOT) DOT Polkadot predictions 59.2% 81 $6.19 -6.46% -5.92% $7 131 777 560 DOT 7 days price change
14 Litecoin (LTC) LTC Litecoin predictions 70.8% 55 $91.25 -4.07% 1.30% $6 585 562 085 LTC 7 days price change
15 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 66% 72 $0.062203 -2.41% -0.99% $6 324 607 060 WTRX 7 days price change

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