Day: November 11, 2024

Dogwifhat (WIF) Price Set To Skyrocket 2,500%: Economist

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Este artículo también está disponible en español. Renowned economist Henrik Zeberg has released a technical analysis of Dogwifhat (WIF) on X, forecasting a massive 2,500% price surge for the memecoin. According to Zeberg’s analysis, WIF is poised for a significant rally, potentially reaching $78, driven by a larger ABC pattern and a series of smaller subwaves. How Dogwifhat (WIF) Price Could Hit $78 Zeberg’s weekly WIF/USDT chart illustrates a large ABC corrective pattern, a fundamental structure in technical analysis that indicates a retracement phase within a broader bullish trend. This…

Hive Digital buys 6,500 ASICs, starts Paraguay construction

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Bitcoin miner Hive Digital is upgrading its infrastructure as it begins construction of facilities in Paraguay, the fourth country it will operate in. The Nasdaq-listed Canadian miner has purchased 6,500 Canaan Avalon A1566 application-specific integrated circuits (ASICs) for delivery from December through March 2025. Hive Digital revs up The first 500 new ASICs were delivered in the second week of November, with four more shipments coming through the first quarter of 2025. They will boost Hive Digital’s hash rate from 5.6 EH/s to 6 EH/s by March, the company said.…

Katie Stockton says bitcoin could be headed to $98,000 next after some short-term consolidation

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Market participants have been closely watching the so-called “Trump trades” on the back of the election. The cryptocurrency market is one that was strongly impacted by Trump’s victory last week, noting bitcoin subsequently gained about 23%. The charts are a great way to analyze cryptocurrencies like bitcoin given their deep global liquidity and pure supply/demand dynamics. The postelection rally in bitcoin has had a positive impact on the chart from a technical perspective, with a breakout to new all-time highs having been confirmed. The breakout resolves a seven-month long corrective…

Price analysis 11/11: SPX, DXY, BTC, ETH, SOL, BNB, DOGE, XRP, ADA, TON

Bitcoin picked up momentum and soared above $84,500, pulling several altcoins higher. Bitcoin (BTC) has been on a roll and shows no signs of slowing down. The latest leg of the rally above $84,500 pushed Bitcoin’s total market capitalization above $1.67 trillion for the first time.  Analysts remain optimistic that Bitcoin will extend its month-to-date gains of 17% as November’s average return is 44%, according to CoinGlass data. Veteran trader Peter Brandt said in a post on X that “when BTC runs –…

Peter Brandt Sees ‘Major Buy Signal’ for Bitcoin — What Lies Ahead?

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Bitcoin’s “major buy signal” spotted by veteran trader Peter Brandt, predicting massive gains ahead for BTC. Bitcoin’s ‘Major Buy Signal’ Spotted — Peter Brandt Hints at Big Moves Ahead Veteran trader and chartist Peter Brandt has identified a “major buy signal” in bitcoin, predicting substantial potential gains. Sharing his insights on social media platform X […] Original

Bitcoin rockets to $85,000 as Trump’s return and Fed rate cuts spark predictions of a $420,000 peak

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As Bitcoin spikes to $85,000, could Federal Reserve cuts and Trump’s pro-crypto agenda drive it toward $420,000? What do experts say about Bitcoin’s future in this market? Bitcoin reaches a new all-time high On Nov. 11, Bitcoin (BTC) surpassed the $80,000 mark, reaching a new all-time high of nearly $85,000 after a nearly 25% surge within a week.  BTC 6-months price chart | Source: TradingView Bitcoin’ gigantic rally aligns with recent monetary policy adjustments from the Federal Reserve, which reduced interest rates by 25 basis points in its November meeting,…

Bitcoin Price Signals Bullish Continuation With SuperTrend Rising, Here’s The Next Target After Beating $81,000

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Este artículo también está disponible en español. The Bitcoin price trajectory has been nothing short of impressive since the beginning of November. Notably, Bitcoin has been up by about 20.8% from its November low of $67,690, which has allowed it to break into new all-time highs successively. Interestingly, technical analysis of the Bitcoin price suggests this uptrend isn’t stopping soon, and Bitcoin holders can continue to expect gains as the year draws to a close. According to crypto analyst Tony “The Bull” Severino, CMT, the SuperTrend indicator is now pointing…

Bitcoin Hits New All-Time High Of $84,000: What’s Next After A 23% Surge?

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The leading cryptocurrency on the market, Bitcoin (BTC), hit a new all-time high of $84,000 on Monday amid increased inflows into the digital asset market and expectations for further gains in the final months of the year.  This surge comes in the wake of Donald Trump’s recent victory over Democrat candidate Kamala Harris in the US presidential election, with Bitcoin experiencing a 23% increase over the past week and a 5.5% rise in the last 24 hours.  Optimism Grows For $100,000 Bitcoin Bloomberg reports that as Bitcoin hits a new…