Analyst

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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Does Crypto Need a Bitcoin ETF? CNBC Analyst Says Maybe Not

If you have followed the Bitcoin industry’s news cycle over the past two years, you likely would have noticed an incessantly recurring trend: Bitcoin exchange-traded funds (ETFs). These financial vehicles, which have yet to appear in U.S. markets, are believed by some analysts to be the catalysts that could propel this nascent market to new […]

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Analyst: Bitcoin Likely to Move Towards $7,600 as Bulls Falter

Bitcoin’s bulls have lost their strength and allowed bears to push the cryptocurrency under its previous key support level at $8,200, which may signal that significantly further losses are imminent in the near-future as BTC slowly creeps back towards its recently established range lows at $7,800. Analysts are noting that Bitcoin is likely to continue […]

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Bitcoin Has Officially Entered A New Bullish Phase Says Analyst PlanB

Twitter user PlanB, who is known for his Bitcoin statistical model based on the stock-to-flow ratio, said that we’re now entering a new phase, citing his fractal dimension indicator. The chances are that we’ll see a strong bullish rally in 6 to 12 months, which coincides with the next halving. Bitcoin and Stock-to-Flow Recently, we […]

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Bitcoin Forms Bullish Tweezer Bottom; Analyst Anticipates Swift Relief Rally

After incurring a sharp sell-off last night, Bitcoin’s bulls stepped up to the plate and were able to propel the crypto back into the lower-$8,000 region. This latest bout of volatility further confirms the notion that the upper-$7,000 region is a bastion of support for BTC. Importantly, this price action also allowed the cryptocurrency to […]

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Why Analyst Says Bitcoin Price Likely to Recover to $9,000 After 23% Pullback

The bitcoin price (BTC) fell by more than 23 percent against the U.S. dollar in the past week, triggering a fierce correction in the cryptocurrency market. Since falling to $7,700, the bitcoin price has recovered to $8,200, critically avoiding a steep drop to the low $7,000 region to test low-level supports in the short term. […]

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Crypto Analyst: Bigger Bitcoin Price Drop Coming, Indicator Showing Weakness

Bitcoin price has been consolidating for the last three months straight, and the entire crypto market is watching and waiting for a direction to be chosen. An important indicator is showing extreme weakness, claims one crypto analyst, and warns that a “bigger drop” could be coming, even despite Bitcoin having already closed 16 out of […]

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Crypto Analyst: Brutal Wyckoff Distribution Expected As Bitcoin Cools Offs

Throughout much of the bear market, one of the themes that kept crypto investor’s hope alive in crypto investors was the thought that Bitcoin was being accumulated, according to Wyckoff theory, at low prices by major players and institutions. After that, eventually, the markup phase would occur and the first-ever crypto-asset would be back in […]

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Prominent Analyst: Bitcoin May Have Established Mid-Term Bottom

Bitcoin has incurred some upwards momentum today after facing growing selling pressure around $10,000. BTC’s ability to hold above this price level may be a bullish sign, as it signals that bears do not currently have enough strength to send the crypto back to its next major support level in the lower-$9,000 region. This bullish […]

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Bitcoin’s Next Bull Run May Be Sparked By S&P 500 Uptrend, Claims Analyst

Bitcoin (BTC) has been facing a long bout of consolidation ever since it was rejected at its 2019 highs of $13,800 earlier this summer. Simultaneously, the equities markets have also faced a period of consolidation throughout 2019, after trade tensions and global political instability slowed the market’s meteoric ascent. It is important to note that […]

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Bitcoin Dips Below $10,200, Crypto Analyst Expects it to Plunge to $9K

Bearish sentiments are looming in the market with Bitcoin having plunged significantly below $10,200. Bitcoin is currently trading at $10,144. According to a trader who goes by the name of Mayne on Twitter, this fall could continue and take Bitcoin to $9K.  The Past Week for Bitcoin This is the first time Bitcoin has witnessed […]

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Analyst Claims Bitcoin Drop Towards $7,000 Highly Probable

Bitcoin and the aggregated crypto market incurred a sudden influx of buying pressure late-yesterday that allowed most major cryptocurrencies to post some decent gains, although these were largely erased overnight as BTC dropped back down towards $10,400. Bitcoin’s consistent ability to post strong bounces with each visit into the $9,000 region certainly provides some justification […]

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Bitcoin To Hit $17K This Month Predicts Crypto Analyst; Bitcoin Dominance Grows to 70.5%

Bitcoin continues to gain market dominance and nurture its present bull run. Now, an analysis has revealed that there is an aggressive inbound bullish movement on the cards that will most likely push bitcoin’s price up to around $17k in late September.  Cryptocurrency analyst and blockchain enthusiast who is known as CryptoWelson on Twitter took […]

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Crypto Analyst: Bitcoin Price Drop Below $10,000 Was a Bull Trap

Last week, Bitcoin price fell below $10,000 yet again, and with the break of support, much of the market turned bearish and began calling for lows around $8,000 to be tested. However, before the long Labor Day weekend concluded, Bitcoin price was back well above $10,000, and is already closing in on $11,000 not even […]

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Zero Odds of Craig Wright Crashing Bitcoin: Analyst

Craig Wright, the man who claims to be the original creator of Bitcoin, is using an unfavorable court ruling to play mind games with bitcoin investors. The Australian computer scientist has to pay $5 billion in bitcoins to Ira Kleiman who earlier accused Wright of stealing the cryptocurrencies from his deceased brother, Dave Kleiman. Judge […]

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This Bitcoin Market Has ‘Bull’ Written All Over It: Analyst

A major bitcoin technical indicator has turned bearish for the first time this year sending mixed messages to the markets. Some analysts maintain we are still in a bull market while others are predicting more pain before any gain. Bitcoin Weekly MACD Death Cross In the trading world, a MACD is not a popular form […]

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Crypto Analyst: Bitcoin Bull Rally is Over if Trendline Breaks

Bitcoin has been on a bull run since the start of 2019, after bottoming in December 2019. Momentum picked up with a $1,000 candle in April and the crypto asset was off to the races ever since. But now the race appears to be coming to an end, and Bitcoin could cross the finish line […]

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Bitcoin Could Get Stuck in $8k-20k Range Endlessly: Bloomberg Analyst

Bitcoin could get remain stuck in a price range defined by $8,000 as support and $20,000 as resistance, believes Mike McGlone of Bloomberg Intelligence. The senior commodity strategist on Tuesday said bitcoin price is in an “extended hibernation” state because more people are storing the cryptocurrency like gold instead of trading it on the spot […]

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Bitcoin Bias Flipping to Extremely Bearish: Analyst

Trading signals for Bitcoin are turning ‘extremely bearish’ as the cryptocurrency’s wild upside of HY2019 comes close to its exhaustion. According to market analyst Chonis Trading, the moving average convergence divergence (MACD) oscillator on bitcoin’s weekly charts is looking to flip to indicate its bearish bias. The indicator is one of the most popular ones […]

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Ethereum in Its First Big Bear Market Like Bitcoin in 2015, Analyst Says

Cryptocurrency investor and Placeholder partner Chris Burniske has argued that Ether is enduring its first mainstream bear market, just as Bitcoin did back in 2014-15. Cryptocurrency investor and Placeholder partner Chris Burniske has argued that Ether (ETH) is enduring its first mainstream bear market, just as Bitcoin (BTC) did back in 2014-15. In a tweet […]

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Analyst Advises Ignoring Short Time Frames as Bitcoin is Going to $100k

Since its epic surge off the floor in early April, bitcoin has reached a level where it appears to be comfortable consolidating. This could continue for quite some time as one prominent analyst suggests. It might be time to ignore these choppy markets and focus on the bigger picture. Bitcoin In Slow Decline Bitcoin is […]

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When It Comes to ROI, Altcoins Are No Match For Bitcoin: Analyst

Bitcoin appears to be back on the rise but will altcoins follow? Alex Krüger thinks not. Bitcoin is King Earlier this week, economist and crypto analyst Alex Krüger tweeted that in his opinion, the majority of altcoins have “become asymmetric bets with an unattractive return profile.” Outside of February – April’s impressive altcoin rally (Alt […]

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Bitcoin Bull Run ‘Hasn’t Started,’ Says Analyst After New Peter Schiff Remarks

Bitcoin proponents discarded fresh criticism from gold bug Peter Schiff this week after he suggested the cryptocurrency was losing popularity despite its price rise. Schiff: Bitcoin Volume ‘Much Lower’ Than 2017 As a Twitter discussion which began July 29 revealed, Schiff, who is well known as a cryptocurrency skeptic, claimed Bitcoin’s 2019 bull run produced […]

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