Tag: Analyst

Analyst Says Bitcoin Will Reach $68,000 By End Of September

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Este artículo también está disponible en español. Bitcoin has once again surged past the critical $60,000 threshold, signaling a potential shift in market sentiment as selling pressure appears to be subsiding. This development follows a period of volatility, where Bitcoin experienced a significant dip, but data from CoinMarketCap now shows that the cryptocurrency has made a remarkable 15% rebound. Related Reading Bitcoin hit a low of $52,590 on September 6, which triggered widespread concern among traders and investors. However, the recent recovery has helped alleviate the extreme fear gripping the…

Bitcoin ETFs rebound, analyst sees institutional interest breaking September’s bearish trend

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Spot Bitcoin ETFs, or exchange-traded funds, broke out of a two-week outflow streak with over $403.8 million in weekly inflows. Analysts expect the uptick in institutional interest this year to help Bitcoin defy the bearish September narrative. According to SoSoValue, spot Bitcoin ETFs raked in $263.07 million on Sept. 13, the largest single-day inflow since July 22, with Fidelity and ARK Invest and 21Shares’ funds snagging over half of the day’s action. Fidelity’s FBTC continued its 5-day inflow streak, bringing in $102.1 million. ARK Invest and 21Shares’ ARKB, $99.3 million.…

Bitcoin Price Recovery Hinges On This Key Market Indicator, Reveals Analyst

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Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more…

Bitcoin’s Momentum Builds, But Reclaiming $60,000 is Crucial, Says Analyst

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Bitcoin continues to show volatility in the market, with bulls slowly gaining momentum, but key resistance levels remain a challenge. $90,000 Is In Play, But This First Renowned crypto analyst Captain Faibik recently shared his bullish outlook for Bitcoin, forecasting that the asset could touch $68,000 by the end of this month if it successfully reclaims the critical $60,000 level. Faibik emphasized that a daily candle close above $60,000 would be crucial for pushing Bitcoin toward new highs by December. Faibik also highlighted the potential for a Broadening Wedge pattern…

BlackRock Calls Bitcoin ‘Hedge Against Global Disorder’, Analyst Sets $600,000 Target

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Este artículo también está disponible en español. BlackRock, the prominent American multinational investment management corporation, has once again emphasized the enduring belief surrounding the Bitcoin potential as a strategic asset. In a recent statement, the firm reiterated a school of thought that has been gaining momentum within the financial world for years. According to the investment company, BTC is a good tool for hedging against increasing global disorder, which might arise from growing distrust in governments, banks, and fiat currencies. Reflecting on this perspective, renowned cryptocurrency analyst Michaël van de…

Institutional demand for Bitcoin mining stocks on the rise, analyst says

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Institutional interest in Bitcoin mining stocks is surging, analysts at H.C. Wainwright said after hosting an investment conference in New York.  The HCW Annual Global Investment Conference gathered major publicly traded Bitcoin (BTC) miners and industry leaders like MicroStrategy’s Michael Saylor. The main takeaway, according to the firm’s Managing Director and Crypto Analyst Mike Colonnese, was an increase in institutional involvement compared to previous years. The analysts stated in a note shared with crypto.news that the approval of spot Bitcoin ETFs in January, combined with increasing demand for AI-driven power…

XRP Price To Crash To $0.33 Before Surge To $9 Post-SEC Appeal; Analyst Reveals

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Este artículo también está disponible en español. Earlier in August, the XRP community got some positive news when the court ruled that Ripple Labs should pay a $125 million fine to the United States Securities and Exchange Commission (SEC) for selling unregistered securities. However, the regulator has been unhappy with this decision, leading to an appeal of the court’s decision. Naturally, the appeal has pushed back the finish line for the 4-year battle, but the end could still be very bullish for the XRP price. The XRP Crash Before The…

Ethereum To $4K Again? Analyst Predicts Bull Run As Key Metric Approaches Critical Level

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Ethereum appears to have now seen a notable shift in its major metric. Particularly, a recent CryptoQuant analyst, Burak Kesmeci report, highlighted the potential significance of Ethereum’s current funding rates. The analyst pointed out that similar patterns in the past have been followed by substantial price increases, suggesting that Ethereum might be on the verge of a new surge. Calm Before The Storm? Funding rates are a key future market metric, indicating the balance between long and short positions. When the funding rate stays low for an extended period, it…

XRP Price To Reach $40? Crypto Analyst Says You Should Get In Right Now

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Este artículo también está disponible en español. A crypto analyst is mega bullish on the future outlook of the XRP price, predicting a massive price surge to $40 for cryptocurrency. Despite XRP’s stagnant price growth over the years, this crypto analyst remains confident in the cryptocurrency’s short-term and long-term prospects. XRP Surge Incoming, Don’t Panic Sell XRP, the native token of the XRP Ledger (XRPL) is currently showing incredibly bullish signals according to ‘Steph Is Crypto,’ a market expert on X (formerly Twitter). Sharing a video discussing his analysis of the…