Tag: Analyst

Spot ETFs Fail To Ignite Bitcoin Growth – Analyst

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The Spot Bitcoin ETFs have become a major headliner recently due to heightened levels of market inflows. According to data from SoSoValue, these ETFs have attracted over $5 billion in investments over the past three weeks coinciding with an impressive Bitcoin price rally of over 23%. However, amidst this euphoria, macro investment researcher Jim Bianco says these Spot ETFs have contributed no significant growth to the Bitcoin market.  Spot Bitcoin ETFs Bring In No New Money, Only Recycled Investments In a series of X posts on November 2, Bianco claimed…

Dogecoin Analyst Reveals Buying Opportunities At Lower Prices – Details

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Este artículo también está disponible en español. Dogecoin (DOGE) is currently trading at a pivotal level following a 17% retrace from its recent highs around $0.179. This pullback has brought DOGE to a significant demand zone, catching the attention of top analyst Daan, who recently shared a technical analysis identifying this level as an opportunity for accumulation. According to Daan, the current support zone could act as a launchpad if buying pressure intensifies, positioning DOGE for a potential rebound. However, the upcoming days are expected to bring heightened volatility and…

Shockwave Ahead? Ethereum Could Crash Over 60%: Analyst

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Este artículo también está disponible en español. Like most digital assets, Ethereum witnessed a correction this week by losing over 5% in the last 24 hours while trading just above $2,500. While the increased on-chain activity could eventually make the bulls bet for the bounce back of Ether, a few experts differ with this perspective. Crypto veteran analyst Peter Brandt predicts further downfall in Ether to the extent of loss of over 60% from its present price, with no indication of changing. Currently, Ether is trading at a 42-month low.…

Expert Analyst Reveals Why The Bitcoin Price Crashed From $73,000 To $69,000

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Este artículo también está disponible en español. November began with an unexpected downturn in the crypto market as Bitcoin, which had gone on a bull run in the last week of October, rapidly lost its momentum. The highly anticipated “Moonvember” kicked off with an unexpected crash, plummeting from $73,000 on October 31 to $69,000 on November 1 to essentially wipe out $296 million in liquidations, with the majority of them being long positions. Despite the bulls managing to steady a Bitcoin price support at $69,000, the rapid downturn stirred questions…

Solana Headed For Correction Before Bounce – Analyst Sets $180 Target

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Este artículo también está disponible en español. Solana (SOL) is trading around a crucial demand level at $165, following a pullback from recent highs of $183. This level is pivotal for SOL, as losing it could trigger a deeper correction, putting the altcoin at risk of further downside.  However, prominent analyst Carl Runefelt has shared technical analysis indicating that Solana may be primed for a brief correction before staging a rally to retest local highs. Related Reading Runefelt’s analysis highlights signs of renewed strength for SOL, suggesting that the altcoin…

Ethereum Must Stay Above $2,480 For This Bullish Signal To Hold True – Analyst

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Ethereum (ETH) exhibited a dual-phased market movement in the last week rising by over 9% to reach a local peak of $2,711 on October 30, before declining by an almost similar measure. As the prominent altcoin now hovers around the $2,500 price mark, crypto analyst Ali Martinez has highlighted an important market condition that could ignite a price rebound. Ethereum Buy Signal Subject To Vital Price Support In an X post on November 1, Martinez stated that TD Sequential has indicated a buy signal on the ETH 4-hour chart. For…

Analyst Exposes Ethereum Ascending Support At $2,400 – Best Chance To Accumulate ETH?

Este artículo también está disponible en español. Ethereum is trading at $2,500, following a 9% pullback from recent highs after it failed to establish a higher high above $2,820. This retrace has sparked renewed interest among investors, with top analyst and investor Carl Runefelt sharing a technical analysis that points to a promising setup for accumulation.  Runefelt highlights a bullish pattern emerging in ETH’s price action, indicating that this retracement could be a prime opportunity for long-term holders to accumulate more Ethereum before a potential rally. Related Reading The coming…

Bitcoin Price To New ATH Soon? Analyst Who Called $72,000 Surge Reveals What Needs To Happen

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Este artículo también está disponible en español. Crypto analyst Ali Martinez has revealed what needs to happen next for the Bitcoin price to surpass its current all-time high (ATH) of $73,700. The analyst had rightly predicted the recent price rally to $72,000 but warned back then that the flagship crypto won’t hit its ATH instantly.  How The Bitcoin Price Can Reach New ATH Martinez mentioned in an X post that the Bitcoin price needs to hold above the $69,000 support level to reach a new ATH. He claimed that a…

Ethereum Price Completes 12 Weeks Of Bottom Formation, Analyst Says Don’t Aim Lower Than $4,900 ATH

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Este artículo también está disponible en español. Technical analysis suggests the days of the Ethereum price consolidation might be over very soon. At the time of writing, Ethereum is trading with a 0.07% gain in the past 30 days, which reveals the current consolidation situation it finds itself under.  However, according to a technical analysis on TradingView, the Ethereum price could be well on its way to reaching a new all-time high after 12 weeks of consolidation. Ethereum Price Completes Bottom Formation According to a technical analysis of the Ethereum…

Analyst Claims Ethereum ‘Isn’t Dying,’ Bitcoin Surge No Threat To Ether

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Este artículo también está disponible en español. This week has witnessed remarkable growth in the global cryptocurrency market, spearheaded by Bitcoin. Today, the total market capitalization of the cryptocurrency market stands at $2.44 trillion, an increase of 1.61% from the previous day. Most of the digital assets are in the green zone meaning that their prices are rising and the outlook of the market is generally positive. Related Reading In this latest market frenzy, one storyline is attracting attention and some analysis: while Bitcoin is outperforming the rest and retesting…