Tag: Analysis

Bitcoin risks 15% dip by October, but $100K is due in 2026 — Analysis

Bitcoin (BTC) can easily end up below $25,000 next month, says one longtime market observer. In a new BTC price outlook, Timothy Peterson, founder and investment manager at Cane Island Alternative Advisors, put the odds of a dip to local lows at 50/50. BTC price may see “last big dip” in September While Bitcoin bulls continue their breakout attempts above $30,000, various popular traders and analysts have their sights on lower levels. Peterson, well known for his technical insights, now believes that typical August and September performance may yield a…

Price analysis 8/7: SPX, DXY, BTC, ETH, BNB, XRP, ADA, DOGE, SOL, LTC

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Bitcoin’s failure to rebound off strong support may open further downside, as bears may be tempted to sell. Bitcoin has been trading near the $29,000 level for the past few days. This suggests a lack of strong demand at higher levels, but the only solace for the bulls is that they have managed to sustain the price above the immediate support. The uncertainty about the next directional move may have tempted short-term traders to book profits. CoinShares said in its latest weekly report that Bitcoin (BTC) investment products witnessed $111 million in…

Price analysis 8/4: BTC, ETH, BNB, XRP, DOGE, ADA, SOL, MATIC, LTC, DOT

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Bitcoin continues to range trade, and altcoin traders are starting to view BTC’s price consolidation as a positive sign for the rest of the crypto market. Bitcoin continues to frustrate traders who have been predicting a breakout on either side, but investors should keep a close watch because the longer the time spent inside the range, the stronger the eventual breakout from it. The July jobs report released on Aug. 4 was a mixed bag. Hence, it could not shake Bitcoin (BTC) from its range. The report showed the addition of 187,000…

Price analysis 8/2: BTC, ETH, BNB, XRP, DOGE, ADA, SOL, MATIC, LTC, DOT

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Bitcoin is witnessing a strong battle between the bulls and the bears with the sellers currently holding a slight edge. Ratings agency Fitch downgraded the United States’ long-term credit rating from AAA to AA+ on Aug. 1 and this move dented the risk on sentiment. The U.S. equities markets witnessed profit-booking on Aug. 2 and the cryptocurrency market’s recovery stalled in its tracks. However, after the knee-jerk reaction, the markets may settle down. The cryptocurrency markets are likely to keep their focus on the news and events surrounding the Bitcoin…

Bitcoin price risks $25K dip despite ‘macro pivot point’ — New analysis

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Bitcoin (BTC) faces a “breakdown” and distribution despite a new macroeconomic paradigm being around the corner. That was one of the conclusions of quantitative Bitcoin and digital asset fund Capriole Investments, which, in its latest update, warned that Bitcoin was “not yet” ready to flip bullish. Capriole: Bitcoin fundamentals say “not yet” United States equities are booming, and the Federal Reserve may be at the end of its most stringent monetary tightening ever — but Bitcoin has failed to react. As traders predict a return to levels closer to $25,000…

Price analysis 7/31: SPX, DXY, BTC, ETH, XRP, BNB, ADA, DOGE, SOL, LTC

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Bitcoin’s record low volatility is also a sign that the next price breakout will be volatile, but everyone is guessing which direction the price will go and how it will impact altcoins. The S&P 500 Index continued its march toward its all-time high with a 3% gain in July. Signs of receding inflationary pressures and expectations of an end to the Federal Reserve’s tightening cycle are the factors that boosted risk-on sentiment. However, this bullish mood did not benefit Bitcoin (BTC) as it largely remained range-bound in July and is…

Price analysis 7/29: BTC, ETH, XRP, BNB, ADA, SOL, DOGE, MATIC, LTC, DOT

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Bitcoin’s price action remains lackluster, but select altcoins are showing signs of breaking out of their respective resistance levels. The 25 basis point rate hike by the Federal Reserve on July 26 and the subsequent commentary by Fed Chair Jerome Powell failed to catapult Bitcoin (BTC) out of its range. This suggests that the event did not have any surprises and the outcome was already priced in by the markets. The crypto markets continued their lackluster performance on July 28 after the United States Personal Consumption Expenditures (PCE) Index print…

Price analysis 7/26: BTC, ETH, XRP, BNB, ADA, SOL, DOGE, MATIC, LTC, DOT

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Bitcoin and several major altcoins are trading inside a range, indicating that a strong catalyst is needed to start the next trending move. Bitcoin broke below the support of its narrow range on July 24, but the bears have not been able to capitalize on it and start a sharp downward move. This is a positive sign, as it shows a lack of aggressive selling at lower levels. The bulls will have to push and sustain the price back above $31,000 to trap the aggressive bears. Bitcoin’s (BTC) volatility is likely to…

Price analysis 7/21: BTC, ETH, XRP, BNB, ADA, SOL, DOGE, MATIC, LTC, DOT

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Several Bitcoin price indicators suggest that BTC’s narrow trading range could end soon, resulting in a volatile price move in BTC and altcoins. Bitcoin continues to test investors’ patience, as it remains stuck inside a tight range. Although the near term is boring, traders need to be on their toes because narrow ranges are generally followed by a sharp increase in volatility. The only problem is that it is difficult to predict the direction of the breakout with certainty. Glassnode’s latest weekly newsletter highlighted that Bitcoin’s (BTC) consolidation has shrunk the Bollinger…

XRP price can fall 40% by September — Fractal analysis

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The double-digit percentage gains for XRP (XRP) this month may have reached the exhaustion point, reflecting the trends elsewhere in the cryptocurrency market. This follows the euphoria surrounding Ripple’s partial win versus the U.S. Securities and Exchange Commission, resulting in bullish calls for as high as $15 in the coming months.  $15 is reasonable I believe over 18 months or so. If they IPO and time it correctly, could be up to $35 imo. Make no mistake… it may not go that high… but $XRP IS breaking an all time…