Analyst

Crypto Analyst Expects “Escape Velocity” When Bitcoin Breaks $60K. Here’s Why

Bitcoin price is still stuck under $60,000 but unable to push any lower than $55,000. The tightening across the crypto market has been long and arduous but when $60,000 is finally broken, the crypto asset should reach what one analyst calls “escape velocity.” Here’s what the term means and what that could look like post-breakout […]

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Top Bitcoin Quant Analyst Says Fresh USD Is Needed For New Highs

Bitcoin price is still plummeting from a rejection at new highs set this weekend, and struggling to maintain support at former resistance levels. On the way down, the buying pressure has been far less than it was on the way up, which has one top cryptocurrency quant analyst warning that fresh USD capital is necessary […]

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Alt Season 2.0: Analyst Claims It’s “Showtime” For Ethereum

Ethereum has had an incredible year thus far, breaking its former all-time high on its USD pair and soaring well above it. However, on its Bitcoin trading pair, the altcoin has struggled to get anywhere near its former highs. According to one crypto trader, that all is about to change, and it is finally “showtime” […]

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Bitcoin Handover to Rich Wallets Underway as Price Declines: Analyst

Bitcoin dipped on Monday after hitting a new record high in the previous session, pointing to a spike in profit-taking sentiment among daytraders. The analogy was visible in the statistics shared by an independent analyst on Twitter. The pseudonymous entity noted an 11.5 percent a 12 percent decline in the number of newly-created and active […]

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Bitcoin to Hit $60-64K Soon, Asserts Analyst Despite Price Dip

An ongoing bull run in the Bitcoin market might extend until the price hits $60,000-64,000 area, asserts an independent analyst. The pseudonymous entity tweeted Wednesday that BTC/USD needs to hold support above $42,000 to validate its prolonged bullish setup. On the other hand, slipping below the said price floor would signal bearish deviation. “As long […]

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Gartner VP Analyst Beleive VISA Should Choose Stablecoin Over Bitcoin

Avivah Litan, Gartner Research VP analyst in a recent interview suggested that VISA should choose stablecoin over bitcoin as bitcoin’s volatility does not make it suitable for banking transactions. Litan’s comment comes in the wake of VISA’s recent pilot API program for its banking partners that would allow customers to purchase bitcoin and other cryptocurrencies […]

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Bitcoin Will Likely Reclaim $42,000, Asserts OKEx Investment Analyst

A recent downside correction in the Bitcoin market has done little to offset its long-term bullish bias, indicates Robbie Liu. The OKEx investment analyst listed a flurry of trading data readings that showed the cryptocurrency facing limited downside risks. He noted that the last week’s “Musk rally” of more than $6,000 helped the bullish sentiment […]

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Analyst: Recent Bitcoin Consolidation Suggests Move Past $40k is Imminent

Bitcoin has pushed higher over the past day, which comes at a time where most major altcoins are all seeing immense upwards momentum Where the market trends next will undoubtedly depend on whether or not BTC and ETH can remain stable or continue climbing higher While sharing his thoughts on where the crypto might trend […]

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Analyst says Bitcoin price sell-off may occur as Chinese New Year approaches

Bitcoin is struggling to retake the $35,000 level as one analyst predicts miners will continue selling BTC ahead of the Chinese New Year holiday. On Jan. 29 Bitcoin (BTC) price briefly rallied to $38,500 before retracing the move and spending the majority of the day struggling to reclaim $35,000.  The wild breakout in Bitcoin price […]

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Record Expected Ether-Bitcoin Volatility Points to Altcoin Season Ahead: Analyst

Peaking implied volatility spreads suggest the emphasis in the markets will shift to ether and other alternative currencies in the short term.

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Top Crypto Analyst Reveals Bitcoin 2021 Price Outlook, Says XRP Will Continue to Underperform

Continue reading at Coinspeaker

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Bitcoin Worth $1B Leaves Coinbase as Institutions ‘FOMO’ Buy: Analyst

Coinbase Pro exchange registered an outflow of over 35,000 bitcoin worth more than $1 billion early Saturday.

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Bitcoin’s “Main Bull Phase” Has Arrived: On-Chain Analyst

Bitcoin has undergone a strong rally over recent weeks that has nearly brought it to $30,000. The leading cryptocurrency currently trades for $29,900, far above where it was just weeks ago. Analysts think that the main Bitcoin bull phase is here. This comes in spite of some concerns shared months ago that the cryptocurrency market […]

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Crypto Analyst Explains We Are In A Bitcoin (BTC) “Supercycle” & Not Ordinary “Bull Cycle”

As Bitcoin (BTC) clocks its new all-time high at $27,473, crypto analyst and head of Business Development at Kraken – Dan Held – explains why this is a Bitcoin (BTC) “supercycle” and not any ordinary “bull cycle”. Dan’s hypothesis is based on different macro factors, the global economic scenario, quantitative easing measures by central banks, […]

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Rapid Bitcoin Move Could Find a Top Near $28,000: Analyst

Bitcoin has undergone an extremely strong rally over the past day, despite the coin facing a strong dip into Christmas. Per CoinGecko, the coin is up 8% in the past 24 hours alone, pushing from the $24,500 region to $26,700 now. At the peak a number of hours ago, BTC traded as high as $27,000 […]

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No Reason to Short Bitcoin, On-Chain Analyst Explains Why

Those who plan to short the ongoing bull run must think twice, as per on-chain analyst Kim-Young Ju. The chief executive of CryptoQuant, a data analytics firm, said in a Thursday tweet that traders have no reason to place bets on Bitcoin’s potential fall. He explained that despite the cryptocurrency’s short-term downside correction from its […]

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Analyst: Bitcoin Parabolic Trend Is “Close To A Breakdown”

Bitcoin price has been in a strong uptrend since Black Thursday that turned fully parabolic in Q4, resulting in a new all-time high. But according to an analyst, the first-ever cryptocurrency is close to a breakdown of a parabolic curve that’s been supporting the upwards momentum for months. Is this the end of the uptrend? […]

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Analyst: Bitcoin Could Be Forming a Local Top as Indicators Overbought

Bitcoin has undergone a strong correction since the $24,300 highs seen this past weekend. The leading cryptocurrency currently trades for $22,600 though fell as low as $21,800 around 24 hours ago. BTC is down 5% in the past 24 hours. Bitcoin is outperforming most cryptocurrencies, which appear to be plunging as a result of a […]

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Why Massive Bitcoin Miner Outflow Has This Top Quant Analyst “Scared”

Bitcoin price is still hanging onto $18,000 and is only a couple of grand shy of finally taking out $20,000 and beginning the new bull market. But BTC miners that should be holding in advance of mark up, are suddenly moving massive quantities of the cryptocurrency, and it has a top industry quantitative analyst “scared” […]

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Bitcoin Price at $21,000 Possible? This Chart Analyst Thinks Yes

Bitcoin could backtrack its way towards $20,000 in the coming sessions, says a chartist at TradingShot, an independent investment advisory firm. A $21,000 Bitcoin In his Wednesday note, the analyst wrote that the benchmark cryptocurrency anticipates undergoing a strong rebound move after testing a short-term support trendline. The trendline serves as a part of an […]

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Analyst: $500 Likely Remains a Macro Bottom for Ethereum as Uptrend Falters

Ethereum has been closely tracking the price action seen by Bitcoin and other major altcoins, but it has been able to dodge seeing any intense decline overnight Although it did plunge as low as $530, the cryptocurrency’s support at this level sparked a “V-shaped” recovery that allowed it to surge up towards the upper-$500 region […]

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Analyst: XRP Likely to Explode to $0.75 as Market-Wide Momentum Returns

XRP has been facing some intense turbulence throughout the past few weeks, but the cryptocurrency is now facing some intense consolidation as analysts await more insights into where the rest of the market will trend in the days and weeks ahead. The resistance that the cryptocurrency faces within the mid-to-upper $0.60 region is quite intense […]

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This analyst called Bitcoin’s new price high in 2020 three months ago

Preston Pysh saw “insane” gains for the rest of this year in August, with Bitcoin just $2,000 off record levels three months later. Bitcoin (BTC) hitting new all-time highs by Christmas is beginning to look conservative, but one analyst called current levels back in August. As noted by consumer investment service Swan Bitcoin on Nov. […]

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