Analyst

An Analyst Isn’t Counting Out the Scenario Where Bitcoin Drops to $8,000

Disregarding the ongoing consolidation, Bitcoin has seen an explosive price performance in the past two weeks. In that time frame, the leading cryptocurrency has gained approximately 25.8%. While this latest move higher brought the cryptocurrency above critical resistance levels in the $10,500 range. $10,500 acted as a point at which three separate Bitcoin rallies topped, […]

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Scarily Accurate Analyst Thinks Bitcoin Will Hit $15,000 by September

Bitcoin has stagnated in the mid-$11,000s over the past few days despite a surge in the value of altcoins. As of the time of this article’s writing, the leading cryptocurrency is trading for $11,700. Although this is a price higher than it was at last week’s candle close, there are some that do not believe […]

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Macro Analyst: Bitcoin Price Could Soon See a “Very Large Upmove”

Bitcoin has seen an explosive past seven days. Per data from Coin Market Cap, the leading cryptocurrency has literally rallied 21% in the past week — one of the best weekly performances in some months. BTC Chart from TradingView.com Despite this impressive performance, analysts are still eyeing even more upside for this embattled market. Related […]

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There’s “Only Air” From Here to $20,000 For the Bitcoin Price: Analyst

Bitcoin has begun to consolidate after its explosive breakout on Monday. Over the past 48 hours, the leading cryptocurrency has jumped between $10,800 and $11,300, attempting to establish a short-term range. Some fear that this is a sign that the market is reaching a top. After all, Bitcoin failed to pass $11,500 in the recent […]

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Troubling Signs: Why One Analyst is Concerned About Bitcoin’s Latest Rally

Bitcoin has been caught within the throes of an intense uptrend throughout the past several days and weeks This has allowed it to post notable gains, despite previously showing signs of weakness as it consolidated at the lower end of its macro trading range The cryptocurrency has now shattered its high time frame resistance at […]

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Analyst: yEarn Finance (YFI) DeFi Rally Is Contender For Crypto Market’s Fastest 100x

Decentralized finance is absolutely on fire, and so is every crypto token in the segment. The latest token to take off due to the unstoppable trend is yEarn Finance. According to a well-known crypto analyst and podcaster, YFI may be a contender for the fastest 100x ever in the crypto market. $10,000 Invested in yEarn […]

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Despite Bitcoin Surge Towards $10k, Analyst Thinks a Drop to $7k Is Possible

It’s been an impressive past few days for the Bitcoin market. The leading cryptocurrency started the week at around $9,200, but now BTC trades at $9,700 after managing to benefit from a rally in the price of Ethereum. With the recent price action, analysts argue that Bitcoin is primed to see an explosive move higher […]

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Bitcoin’s Break Above $9,500 Could Fuel a Massive Push Higher; Claims Analyst

Bitcoin saw a notable upswing yesterday that allowed it to break through the resistance that it had formed in the mid-$9,000 region This came about shortly after the breakout rally posted by Ethereum, which sent the crypto from the lower-$240 region to highs of $270 It now appears that Bitcoin’s mid-term outlook is significantly brighter […]

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Bitcoin Is On the Verge of Falling Towards $8,500, Then $7,000: Analyst

Bitcoin is finally showing strength as the stock market and precious metals have surged higher. As of the time of this article’s writing, BTC changes hands for $9,500. BTC closed Wednesday’s trading session above a crucial level. The asset may not be in the clear yet as an analyst suggests a move below $9,300 could spell […]

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Analyst: Bitcoin Fractal Predicting a Surge to $20k By January Is “Still Alive”

Save for the slight 2-3% rally seen on Tuesday, Bitcoin’s price action over the past few weeks has effectively been non-existent. On a macro scale, the cryptocurrency looks as though it has flatlined, stuck between $8,900 and $9,400, with bulls and bears failing to establish a trend. Yet an analyst who predicted Bitcoin would see […]

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Analyst: Altcoins Will “Rage Dump” Against Bitcoin as Momentum Pauses

Altcoins have strongly outperformed Bitcoin over recent weeks, with some gaining dozens of percent as BTC has flatlined in the low-$9,000s. Analysts expect altcoins to soon underperform BTC as bullish momentum in the altcoin market peters out. The drop has already begun, with some of the altcoin market’s hottest properties, so to say, posting poor […]

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Why An Analyst Says Ethereum Has At Least 1 Month of Bullish Fuel

Against Bitcoin, Ethereum has been embroiled in a brutal bear market for the past two years. There was a point when one ETH was worth in excess of 0.1 BTC, but those days have long passed. Now, Ethereum trades for under 0.03 BTC — a far cry from its all-time highs. But multiple analysts say […]

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Analyst: Bitcoin to See One Final Downtrend Before Bull Run Begins

Bitcoin’s intense consolidation phase may soon draw to a close, as multiple technical patterns are now suggesting that some massive volatility is imminent. This potential trend-defining movement comes after months of range-bound trading between $9,000 and $10,000. Throughout the past few weeks, this trading range has narrowed to between $9,000 and $9,300, with both buyers […]

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US Dollar May Plunge: Macro Analyst Explains Why That’s Crucial for Bitcoin

For the longest time, Bitcoin was seen as an asset that is independent of the movements of traditional markets. But, the pandemic struck. It has dramatically altered the state of the global economy, with analysts now arguing that BTC’s directionality is dependent on certain markets. One such market that strongly influences Bitcoin according to analysts […]

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Analyst Explains Why a Bitcoin Crash is Good News in Disguise

Bitcoin stands stuck inside a $250 trading range for more than two weeks. The cryptocurrency’s volatility and daily trade volume are, meanwhile, heading down, raising the possibility of a price breakout. An open survey conducted by Josh Rager, a renowned market analyst, found that a majority of traders expect Bitcoin to break to the downside. […]

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Bitcoin Selling Pressure on BitMEX Is At Multi-Month Highs: Analyst

According to poll data shared by pseudonymous Bitcoin analyst “PlanB,” holders of BTC are seemingly more bullish than ever. One of the analyst’s latest polls suggests that approximately three-quarters of Crypto Twitter is either “HODLing” or buying Bitcoin at the moment. And another poll from gold bull Peter Schiff indicated that a majority of cryptocurrency […]

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Analyst Sees Bitcoin in Months of Downtrend as Institutional Interest Dips

Institutional capital flow into Bitcoin has decreased since its last attempt to break above $10,000. The “lack of interest” has led to a concerning drop in the Chicago Mercantile Exchange’s (CME) Open Interest Money Flow index, according to analysts at Phi Deltalytics. The last two plunges of a similar scale followed at least three months […]

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This Single Price Level Could Make Bitcoin’s Price Action “Nasty”: Analyst

Stepping back from the recent volatility, Bitcoin remains in macro limbo. The leading cryptocurrency has not deviated from a 7% range over the past two to three weeks and a 15% range over the past two months. Bitcoin breaking below $8,600, though, will purportedly change that. An analyst identified that level on July 10th as […]

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Bitcoin Analyst Shares 4 Reasons Why the Altcoin “Party” Will End Soon

It’s been an explosive week for the altcoin market, but not for Bitcoin. As Bitcoinist has extensively covered over recent days, a number of altcoins have surged higher. This list includes Dogecoin (DOGE), Chainlink (LINK), Synthetix (SNX), Cardano (ADA), and VeChain (VET). BTC vs. altcoins Tron, Ethereum, Cardano, and Crypto.com since the start of 2020. […]

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Analyst Explains Why Bitcoin Is Trading Almost Exactly Like the S&P 500

On Wednesday, Bitcoin was pushing $9,500. The cryptocurrency had finally begun to rally after sustaining a dip to $8,900 on the weekend. Many said that BTC was poised to rally even higher. One trader, for instance, shared charts indicating that Bitcoin was on track to hit $10,500, then $11,500 as bullish momentum ramped up. But […]

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Bitcoin Rises on Positive US Jobs Report: Why Analyst Sees a Correction

Bitcoin rose in the first session of July as it maintained its short-term positive correlation with the S&P 500. The gains followed the release of the ADP National Employment Report, revealing an addition of 2.4 million jobs in the nonfarm private sector in June. Meanwhile, analysts warned about deeper corrections in both the Bitcoin and […]

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Analyst Expects Bitcoin Price to Hit $27,000; Here’s Why

Bitcoin may hit $27,000 in the coming sessions, says an analyst. The analogy appeared as the cryptocurrency trends inside a Bullish Pennant structure on its monthly chart. The analyst sees BTC/USD breaking above the technical pattern and aim for an all-time high as its upside target. In the case of Bitcoin, they say “when in […]

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Analyst Expects Bitcoin Above $9.5K in Near-Term as Risk-On Sentiment Improves

Bitcoin analyst Edward Morra sees price heading towards $9,575 in the coming sessions. The prediction surfaces after the cryptocurrency failed to close above its short-term resistance level near $9,285. It also appears as global risk-on sentiment improves on positive job reports and vaccine hopes. Bitcoin could close above $9,500 in the coming session even as […]

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