Analyst

Can Bitcoin Rally Next Week? Skeptical Analyst Throws Light

A number of signals continue to tie Bitcoin to the present global economic crisis. Although the flagship cryptocurrency has shown stability over the past few days, some analysts now see more price drops ahead.  Global Stock Market Will Impact Bitcoin Josh Rager has posted a chart showing that the S&P 500 (SPX) has dropped below […]

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Not Convinced New Investors are Buying Bitcoin, Top Analyst Says

While headlines about tanking bitcoin prices serve ideal opportunities for investors to enter the cryptocurrency market, one top analyst thinks the asset is lacking new buyers. Alex Saunders, the CEO & Founder of Australia-based Nugget News, offered a wave of discouraging catalysts that might have driven people out of cryptocurrencies, including a wrecked US job […]

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Daring Analyst Calls Bitcoin Crash to $2.4K Soon

With market data showing a range of conflicting signals, one analyst has now made a bold prediction that Bitcoin will soon see its largest price collapse in over a year. Whereas investors should consider all possibilities, such a bold assumption is certain to be controversial. PREDICTION BASED ON CHART PATTERN BREAKDOWN This claim of a […]

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Crypto Analyst on Ethereum Downtrend: New Lows and Capitulation Are Coming

Ethereum kicked off 2020 with an explosive rally following the rapid growth and expansion of the decentralized finance sector, which nearly doubled the value of the asset in just a couple of month’s time. But a failure to set a higher high and a fall to new lows puts Ethereum back into a downtrend that […]

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Analyst Who Predicted Bitcoin’s Crash to $3,000 Says This Comes Next

Over the past few days, Bitcoin saw some bullish price action for the first time in weeks. This rally took the asset as high as $6,900, up 80% from the $3,800 bottom seen last week and up 28% from the $5,400 baseline.  Unfortunately, it ended abruptly just hours ago, with the cryptocurrency seeing a strong […]

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Follow Coronavirus and S&P 500 to Understand Bitcoin and Crypto Markets: Analyst

Trump declares “national emergency in the US”, unleashing $50 billion of Fed’s fund to tackle the virus Stock markets bounced from lows yesterday, after the activation of emergency protocol is expected to bring positive results. Bitcoin and crypto markets is also showing potentials of bulls with a huge bounce as well, but the fear from […]

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Bitcoin Price Bounces Above $5K as Analyst Forecasts a ‘Squeeze Up’

A brief spell at $4,940 was short-lived as traders rallied to keep $5,000 preserved in Saturday trading, following modest gains on traditional markets. Bitcoin (BTC) held onto $5,000 support on March 14 as markets broadly steadied after many saw their worst week in over 30 years. Cryptocurrency market daily overview. Source: Coin360 BTC price crash […]

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Bitcoin Fails to Jump $6,000, Top Analyst Warns Further Breakdown

Bitcoin is in for more jump scares after having fallen by more than 50 percent this week. With the expanse of Novel Coronavirus rippling through financial markets, bitcoin plunged from $10,000 in February to $3,858 as of Friday. On the same day, the cryptocurrency recovered to hit an intraday top at $5,995, almost failing to […]

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Despite 25% Correction From Bitcoin’s Peak, Top Analyst Still Expects a Great 2020

Despite the slight recovery, Bitcoin remains decisively down on the week, trending far lower since the $9,200 high was established on Saturday. In fact, from the local top, the cryptocurrency has lost 12%, and over 25% since February’s $10,500 top, dramatically underperforming traditional markets in the same time period. Many traders have lost their shirts […]

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Analyst: If I Look at Bitcoin’s Chart “Without Bias,” a Sub-$1,000 BTC Is Possible

Bitcoin has undoubtedly been hit hard over the past few days; after peaking at $9,200 on Saturday, the cryptocurrency has fallen off a cliff, plunging as low as $5,500 just today. This marks a strong reversal from the 50% rally BTC saw from December to the middle of February, which many hoped was a precursor […]

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Analyst 4 Reasons Why Bitcoin Is Looking Extremely Bullish at $9,000

Despite the slight recovery seen over the past few days, analysts still fear that Bitcoin is on a trajectory that will see its price correct even further than it already has. In fact, Related Reading: Crypto Tidbits: India Makes Watershed Ruling On Bitcoin, Elon Musk Bumps Dogecoin, Ethereum Founder Supports Twitter CEO Some, however, aren’t […]

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Analyst Who Predicted Bitcoin’s Rally to $9,000 Says Ethereum Is Preparing to Explode

Bitcoin’s and Ethereum’s strong surge to kick off 2020 has caught many traders aback. Case in point: each leg higher in the price of BTC during January and February was marked by dozens of millions of dollars worth of short liquidations on margin trading platforms like BitMEX. While the majority seem to have been caught […]

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Is $10,000 Bitcoin’s New $1,000? Price Action Like Pre-2017 Bull Run, Says Analyst

Bitcoin has once again topped the $10,000 level. The leading crypto asset by market capitalisation crossed the psychologically significant level multiple times over the last couple of weeks. For some analysts, the shrinking resistance the Bitcoin price experiences as it crosses into five figures is reminiscent of the crypto’s flirtations either side of $1,000. The […]

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Analyst Who Called 30% Bitcoin Rally Sure Ethereum Ready to Jump Past $300

Over the past day, Bitcoin, Ethereum, and the rest of this nascent market have finally shown signs of recovering after the nearly 10% drawdown seen over the weekend. Per data from Coinmarketcap, ETH is up 6.6% in the past 24 hours, rallying to $282 as of the time of this article’s writing after peaking near […]

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Bitcoin on Verge of 1,000% Rally: Crazy Accurate Analyst Who Predicted $6,400 Bottom

There are few Bitcoin traders that have been as accurate as Dave the Wave over the past year. The pseudonymous cryptocurrency trader predicted in the middle of 2019 that the price of the asset would retrace to the mid-$6,000s to enter a “long-term buying zone” after the over-300% rally that brought BTC from $3,150 to […]

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Bitcoin Price Next Stop is $12K, MKM Partners Analyst Calls

Bitcoin has consolidated above $10,000 this week, gaining 45% year-to-date. According to a technical analyst, the rally hasn’t consumed yet. Bitcoin Enters High-Momentum Phase JC O’Hara, chief market technician at MKM Partners, told CNBC’s “Trading Nation” yesterday that cryptocurrencies tend to trade in two distinguishable phases. The first is the dormant consolidation phase, which is […]

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Bitcoin’s Pre-Halving Rally Could Extend as Far as $20,000, Claims Top Analyst

Bitcoin’s intense 2020 rally is showing no signs of slowing down, with yesterday’s dip from highs of $10,200 to lows of $9,700 being met with an abundance of buying pressure that has now led its price to rally up to fresh 2020 highs. This momentum, which comes just months before the crypto’s highly anticipated mining […]

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Three Reasons Why Bitcoin is Bearish, Explains Analyst

Bitcoin may have surged bombastically heading into 2020 but one analyst thinks the cryptocurrency is going to fall back. Options trader Dyme said bitcoin is entering a “perfect bearish setup,” listing three converging negative indicators that hint a deep price retracement in the coming trading sessions. They are Rising Wedge, Bearish Divergence, and Overleveraged Longs. […]

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Bitcoin to Repeat 2017 Bull Run Based on This Key Metric: Analyst

Research firm Glassnodes came up with new metric for bitcoin adoption. This metric may breakout and foreshadow next bull run. The post Bitcoin to Repeat 2017 Bull Run Based on This Key Metric: Analyst appeared first on CCN.com

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Bitcoin in Pre-Halving Rally, Could Hit $13,000 before May: Analyst

Those who are looking to exit their bitcoin positions may want to wait for four more months to extract better profits, according to a prominent crypto analysis company. Trading signals provider TradingShot.com said in a note that bitcoin could be worth $13,000 in or before May 2020. It cited the cryptocurrency’s historical price behavior ahead […]

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Ethereum (ETH) Set To Become The First Crypto To Surpass $1 Trillion Dollar Market Cap, Analyst Says

Decentralized Finance (DeFi) products soared to All-Time Highs (ATH), surpassing the $800 million mark in total value locked (TVL) in USD. While the price of Ethereum (ETH), the platform hosting these DeFi apps, has performed rather poorly over the past two years, the growth in DeFi products has grown to obscure heights. Can ETH be […]

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Bitcoin Price Downturn has Leading Analyst Call it Quits for Bulls Below $7650-$7800

Bitcoin [BTC] drops below the support from the descending channel as leading derivative’s trader Tone Vays calls it quits for the bulls. In his recent trading Bitcoin update, he mentions that the current pump, though impressive, could be another dead-cat bounce. BTC/USD 4-Hour Chart on Bitstamp (TradingView) Nevertheless, it doesn’t necessarily open short signals as […]

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Analyst Predicts Bitcoin at $5,000 in Q1/2020; Here’s Why It is Compelling

While a strong bull action took the bitcoin rate up by 22 percent this week, there is still a strong likelihood of the cryptocurrency shedding all its gains. Pre-Halving Bitcoin Crashes The sentiments come in the form of a compelling historical pattern brought to notice by Jacob Canfield. TradingView’s top crypto analyst said bitcoin could […]

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