Analyst

Wyckoff Schematic Suggests Bitcoin Bottom Not In at $6,600: Analyst

Is the bottom in? Since Bitcoin (BTC) fell precipitously to $6,600 late last month, analysts have been asking if the leading cryptocurrency has finally found a price bottom after a multi-month downturn. Related Reading: Eat My Shorts: Everything You Need To Know About The Bitcoin Bart Pattern Analysts have understandably divided over the question, as the […]

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Current Bitcoin Price Trajectory Similar to May 2018, Prior to $3,000 Drop: Analyst

Since Bitcoin topped in June, mainstream haters of cryptocurrencies and related technologies, such as Peter Schiff and Nouriel Roubini, have asserted that BTC is in an “echo bubble.” While many have laughed off this sentiment as pure delusion, the charts may be telling a different story. Related Reading: Bitcoin CME Futures Gaps Are Filled With 95% […]

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15% Jump to $8,500 on the Table for Bitcoin Price; Analyst Explains Why

Since Bitcoin (BTC) tapped $6,500 in late-November, analysts have been wondering if the bottom is really in. You see, the leading cryptocurrency bounced by 20% from $6,500, hitting $7,850 just a week after that. Now, the crypto is trading for $7,400 a pop, seemingly trying to establish a market trend for the coming week. While […]

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Prominent Analyst: Bitcoin Likely on Cusp of Making a Major Price Movement

Following the immense volatility that Bitcoin (BTC) experienced earlier this week, the cryptocurrency has once again found itself caught within a period of consolidation as it trades sideways within the upper-$7,300 region. This sideways trading, however, may soon draw to a close, as one highly respected analyst is now noting that Bitcoin is bound to […]

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Analyst Who Perfectly Called Bitcoin Price Sees Bright Future Ahead

Cane Island Analyst Timothy Peterson maybe one of the only analysts to have accurately predicted the end of year bitcoin price . His analysis back in March this year, stated that the leading cryptoasset would price in at $7,800 by the end of December. If bitcoin continues to track as Peterson’s predicts,  BTC should close […]

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Analyst: Ethereum Poised for Further Downside as Support Begins Evaporating

Ethereum’s price action has been strikingly similar to Bitcoin’s over the past several days and weeks, with ETH’s correlation to BTC growing stronger as the volatility seen within the aggregated crypto market ramps up. Analysts are noting that Ethereum may be positioned for further downside in the near-term, which could be driven by the lack […]

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Despite 15% Bounce, Bitcoin Price Still Bearish on Weekly: Analyst

After hitting $6,600, Bitcoin (BTC) saw a strong price bounce, returning to $7,800 just yesterday. Though, analysts have asserted that the cryptocurrency market remains in a weak state, despite the nearly 20% recovery that has been seen over the past week. Related Reading: Dr. Doom: Ethereum Still a Long Way From $0, Its True “Fundamental Value” […]

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Bitcoin is a Clear Long After Forming Textbook Bottom, Claims Analyst

It is looking increasingly likely that Bitcoin’s recent dip to lows of $6,500 will mark a long-term bottom for the cryptocurrency, as its bulls have been able to propel its price higher and sustain their momentum, with BTC now targeting a movement to $8,000. Analysts are now noting that Bitcoin is clearly shifting its recent […]

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Analyst Who Called Bitcoin Price Plunge Cools Sub-$5000 Fears

Bitcoin price could retrace back to the $6,000 region but is unlikely to drop to the $5,000s, according to a prominent cryptocurrency trader. The post Analyst Who Called Bitcoin Price Plunge Cools Sub-$5000 Fears appeared first on CCN.com

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Ethereum’s Multi-Year Correction May Soon Draw to a Close, Claims Analyst

Ethereum has been closely mirroring Bitcoin’s price action over the past several days and weeks, which led ETH to plummet in a capitulatory fashion yesterday evening before posting a strong bounce overnight that allowed it to reclaim its position within the $140 region. One analyst is now noting that Ethereum’s multi-year bear trend may soon […]

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Bitcoin Price Headed For $20k – $25k Zone Next Year: Analyst

The crypto market has been a disappointment lately. Lackluster bitcoin price action has intensified overall selling activity. But things are in for a welcome change, as BTC is expected to explode next year.  Bitcoin Price to Exceed Previous ATH China has made it’s pro-blockchain and anti-crypto stance pretty clear. The People’s Bank of China issued […]

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Ethereum is Attempting to Form Long-Term Bottom Against BTC, Claims Analyst

Bitcoin’s recent turbulence has spilled over into the aggregated crypto markets, leading most major cryptocurrencies to form a close correlation with its price action – which has proven to be highly bearish for Ethereum (ETH) and other major altcoins. In spite of this near-term bearishness, analysts are noting that Ethereum may be attempting to form […]

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Analyst: Ethereum May Target $120 Next, and History May Support This

Ethereum (ETH) has been incurring significant selling pressure over the past couple of weeks, mirroring the bearish price action that Bitcoin has been facing in the time since it plummeted from its recent highs of $10,600. Analysts are now noting that Ethereum may be positioned for significantly further losses in the near-term, with one analyst […]

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Bitcoin Price to Touch $4.2K After Q4 Sell-Off, Analyst Calls

A popular technical analyst believes that benchmark cryptocurrency Bitcoin would continue its decline for the remainder of this year. Twitter analyst Bitcoin Jack (BJ) on Tuesday said bitcoin is testing $7,880 as crucial support on the daily chart. It is therefore likely for the price to either bounce back from the said level or to […]

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Analyst Wants to Buy Every Ethereum Dip as Istanbul Hard Fork Nears

Ethereum’s price action has been closely tracking that of Bitcoin’s in recent times, which has led it to experience some bearishness overnight as the crypto now nears the lower-$180 region – a consistent level of support for ETH. This near-term bearishness may be short lived, however, as analysts are now noting that each price dip […]

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Analyst: Ethereum Still on Track for Move to $260 as Network Activity Spikes

Ethereum has been closely tracking Bitcoin’s price action over the past several days and weeks, and this correlation has persisted when ETH dropped overnight as BTC was met with significant selling pressure within the lower-$9,000 region, which subsequently sent it reeling down to $8,700. Bitcoin’s current bearishness has caused Ethereum to show similarly bearish signs, […]

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Bitcoin Stock-to-Flow Model is Massively Overhyped: Analyst

A financial forecasting tool that predicts bitcoin market cap would hit a trillion-dollar valuation is misleading, according to cryptocurrency analyst Alex Krüger. The noted economist called Bitcoin’s Stock-to-Flow Model (S2F) “massively overhyped” as he criticized it for not assessing certain crucial parameters. In retrospective, S2F is a ratio of a commodity’s stock (the units in […]

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Analyst: Stellar (XLM) Decreasing Supply Could Increase Chances of Exchange Delisting

The Stellar Development Foundation’s (SDF) unanimous decision to burn XLM’s supply by half could spell troubles for the project, believes noted bitcoin maximalist WhalePanda. The anonymous trader on Tuesday said the cryptocurrency exchanges could start treating XLM as security, explaining that SDF showed excessive control over the blockchain asset when they cut down its supply […]

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Bitcoin All-Time High Organic, Not Single Whale Manipulation, Says Vaneck Analyst

Researchers behind an earlier study claiming that US Dollar Tether (USDT) was the cause of the 2017 Bitcoin bull market peak now claim that a single large holder drove the price upwards. However, an analyst at VanEck believes this to be nonsense. Instead, Gabor Gurbacs claims that the rise was caused by “organic bitcoin and […]

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Analyst: Ethereum Price Likely to Stagnate Until Bitcoin Gets Moving

After facing some downwards pressure yesterday, Ethereum (ETH) has been able to post a decent climb today that has allowed it to further establish its current foothold within the mid-$180 region. This price action has been strikingly similar to that of Bitcoin, and it does appear that the two assets are strongly correlated at the […]

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Potential Ethereum Dip Provides Ideal Long Entry, Claims Analyst

Ethereum’s price has been slowly grinding lower over the past 24-hours which comes about as the asset sees an even further decline in its on-chain volume, and ETH is now at risk of breaking below a key short term support level, which could mean that a period of capitulation is imminent. In spite of this, […]

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Bitcoin Analyst: Trends in GBTC Premium Offer Limited Predictive Value

After reaching new depths below the 8k level near the end of September, market valuations in BTC/USD have been largely trendless.  Over the last month, bitcoin has been caught in a narrowing price range that has made it difficult for quantitative traders to plot the next trend direction for the crypto pair.  Can price correlations […]

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Analyst Eyes 10% Bitcoin Price Expansion as Volatility Creeps Closer

If you’ve followed the price of Bitcoin (BTC) at all over the past few weeks, you know there is a large lack of volatility. In fact, for the past 20-odd days, the leading cryptocurrency has been stuck in an effectively 8% range — something that doesn’t happen all too often. Related Reading: Bitcoin Price Continues […]

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