Bitcoin
BTC$27 072.74

-0.31%

Ethereum
ETH$1 894.87

-0.29%

Tether
USDT$1.000237

-0.01%

Binance Coin
BNB$306.06

-0.12%

USD Coin
USDC$0.999884

-0.01%

XRP
XRP$0.522198

-0.25%

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 90.8% 9 $27 072.74 -0.31% -0.57% $524 998 864 858 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 90% 5 $1 894.87 -0.29% 2.21% $227 827 686 185 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 95.6% 1 $1.000237 -0.01% -0.01% $83 172 174 121 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 91.2% 3 $306.06 -0.12% -0.96% $47 701 185 151 BNB 7 days price change
5 USD Coin (USDC) USDC USD Coin predictions 96% 1 $0.999884 -0.01% -0.02% $28 901 071 500 USDC 7 days price change
6 XRP (XRP) XRP XRP predictions 74.4% 45 $0.522198 -0.25% 10.27% $27 147 495 980 XRP 7 days price change
7 Cardano (ADA) ADA Cardano predictions 90% 5 $0.378860 0.52% 1.56% $13 220 010 862 ADA 7 days price change
8 Lido stETH (STETH) STETH Lido stETH predictions 96% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
9 Dogecoin (DOGE) DOGE Dogecoin predictions 90% 10 $0.072655 0.32% -0.38% $10 144 189 079 DOGE 7 days price change
10 Solana (SOL) SOL Solana predictions 83.6% 26 $21.27 0.60% 3.64% $8 443 365 511 SOL 7 days price change
11 Polygon (MATIC) MATIC Polygon predictions 85.6% 24 $0.903134 0.55% -2.81% $8 380 602 516 MATIC 7 days price change
12 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 74.8% 41 $0.081699 -2.02% 5.66% $8 306 858 508 WTRX 7 days price change
13 TRON (TRX) TRX TRON predictions 78.4% 46 $0.081792 -2.14% 5.52% $7 377 081 997 TRX 7 days price change
14 Litecoin (LTC) LTC Litecoin predictions 76.4% 43 $95.39 0.78% 5.98% $6 970 331 292 LTC 7 days price change
15 Polkadot (DOT) DOT Polkadot predictions 92.4% 7 $5.34 1.40% -0.79% $6 358 029 850 DOT 7 days price change

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