Tag: Analysis

Crypto-based AI markets, and AI financial analysis – Cointelegraph Magazine

We’re rolling out genuine use cases for AI and crypto each day this week — including reasons why you shouldn’t necessarily believe the hype. Today get two for the price of one: Blockchain based AI marketplaces, and financial analysis. It may not seem like the most exciting use case blending AI and crypto, but both Near co-founder Illia Polosukhin and Framework Ventures founder Vance Spencer cite blockchain-based marketplaces that source data and compute for AI as their top pick. AI is an incredibly fast-growing industry requiring ever-increasing amounts of computing…

Ripple (XRP) price analysis hints at a possible upsurge: What do experts predict?

Current bullish indicators in Ripple XRP price prediction suggest a potential rise in its short-term value. How far will it go? XRP, the digital currency associated with the company Ripple, has been experiencing a dynamic phase, marked by both gains and fluctuations.  XRP’s value saw notable changes over the past month. It first experienced a drop amid Binance news which saw its ex-CEO Changpeng Zhao’s exit and XRP fell to around $0.58 on Nov. 22, however, it has made a swift recovery as of Nov. 24 and is trading at…

Will Bitcoin price make a new all-time high in 2023? Prediction and analysis

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Bitcoin’s price action shows consolidation and significant volatility, focusing on the $38,000 resistance level and market sentiment indicators. How high can Bitcoin go? Bitcoin (BTC) has shown resilience and bounced back above $37k levels after declining to $35k levels on Nov. 15. BTC has maintained its bullish outlook despite a period of sliding prices influenced by the absence of significant developments in the spot Bitcoin exchange-traded fund (ETF) and other macroeconomic factors. Moreover, over the past few weeks, Bitcoin’s journey has been marked by a pattern of higher lows and…

Bitcoin stalls below $38K as analysis hints ‘Notorious B.I.D.’ is back

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Bitcoin (BTC) sought to rematch 18-month highs into Nov. 21 as order book activity gave one analyst a sense of deja-vu. BTC/USD 4-hour chart. Source: TradingView Whale games conjure Bitcoin’s Q1 2023 Data from Cointelegraph Markets Pro and TradingView showed BTC price momentum building to top out at $37,770 the day prior. Now circling $37,400, Bitcoin remained in a range, which had also characterized the second week of the month. For on-chain monitoring resource Material Indicators, however, the market was more akin to Q1 this year — the period which marked…

BTC price dips 4% as Bitcoin analysis reveals low liquidity above $33K

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Bitcoin (BTC) saw a classic pullback after the Nov. 16 Wall Street open as deja vu BTC price action continued. BTC/USD 1-hour chart. Source: TradingView Analysis: Door open to deeper BTC price correction Data from Cointelegraph Markets Pro and TradingView followed Bitcoin as it descended to $36,470 — down over $1,000 on the day. The landscape closely followed events from earlier in the week, where bulls failed to flip new highs to support and endured long liquidations. These were less present on the day, with around $21 million of BTC…

Price analysis 11/15: BTC, ETH, BNB, XRP, SOL, ADA, DOGE, MATIC, LINK, TON

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Bitcoin and select altcoins are showing strength, a possible sign that the bull trend has resumed. Bitcoin (BTC) succumbed to profit-booking on Nov. 13 and 14, which pulled the price below $35,000. Corrections are a normal part of every up-move and are considered healthy, as they shake out the weak hands and allow the stronger hands to add to their positions. A note of caution to the eager dip buyers is that Glassnode data shows the number of whale wallets with more than $1,000 iBitcoin dropped to its lowest level…

Coinbase warns against hasty analysis of Bitcoin ETF flows

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An analyst at Coinbase says there are at least three reasons why tracking cash flow into spot Bitcoin ETFs at launch will give no valuable insights for the long term. While spot Bitcoin (BTC) exchange-traded funds (ETFs) have the opportunity to allow adoption to “grow at scale,” the crypto community should not expect a headlong rush of money into these products in the short term. According to David Duong, CFA, Head of Institutional Research at Coinbase, the impact of spot bitcoin ETF approvals can hardly be measured in the first…

Bitcoin’s new high signals major market shift: analysis and predictions

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Explore the dynamics behind Bitcoin’s bullish run and the growing anticipation around a U.S.-based Bitcoin ETF. A deep dive into market trends and predictions. Over the past few days, Bitcoin (BTC) has demonstrated significant resilience and growth, marking a noteworthy trend in the cryptocurrency market. Amid a surge in trading volume, BTC price reached its fresh 52-week high of $37,926 on Nov.9. However, amid the volatility, the price retraced and trading at $37,100 as of Nov. 10. BTC price chart | Source: CoinMarketCap This recent rise is partly attributed to…

Price analysis 11/6: SPX, DXY, BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON

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Bitcoin price is consolidating near $35,000. Will altcoins capitalize on the sideways price action and move higher? Bitcoin’s (BTC) marginal rise of about 1.5% last week suggests that traders are cautious at higher levels but they are not rushing to the exit. The bears have been in hibernation for the past few days but if the rally fails to resume, sellers may try to make a comeback. However, in an uptrend, dips are usually viewed as an opportunity for long-term investors to accumulate. The positive sentiment among traders can be…