Tag: Analyst

Where Is Bitcoin And Ethereum Headed? Analyst Reveals Key Levels to Watch

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Amid Bitcoin’s continuous consolidation below the $61,000 price mark over the past weeks, renowned trading guru Peter Brandt, with decades of experience in the financial markets, has recently shared an update on his outlook for Bitcoin and Ethereum. His analysis comes at a time when both of these assets have been unable to maintain a strong rally in the past weeks but have only continued to see consistent plunges. Bitcoin And Ethereum Next Move In his latest update, Brandt identifies a “megaphone” or “expanding triangle” pattern on Bitcoin’s weekly and…

Polygon (MATIC) Breakout Can Propel Price To $1 In Days: Analyst

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Polygon (MATIC) stands as one of the top performers in today’s crypto market, ranking third among the top-100 cryptocurrencies by market cap as of August 21. With a gain of 9% within the last 24 hours, the MATIC price recent surge is outpaced only by the Justin Sun associated crypto assets, TRON (+12%) and BitTorrent (+22%). Over the past week, MATIC has experienced a notable rally, accumulating over a 23% increase in its value. This upswing has positioned MATIC at a crucial juncture from a technical analysis standpoint. Crypto analyst…

Is A Bitcoin (BTC) Negative Correlation With Stocks A Bullish Signal? Analyst Reveals 

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Bitcoin (BTC) and U.S. stocks have shown a negative correlation lately, with Bitcoin often moving in the opposite direction of traditional markets. This divergence has caught the attention of analysts and investors, especially as the cryptocurrency enters a period of consolidation along with the broader crypto market. Historically, shifts in this correlation—from negative to positive—have often signaled a bullish trend for Bitcoin.  Related Reading As both markets face challenges, the changing dynamics between BTC and U.S. stocks could provide crucial insights into where the market is headed. Investors are closely…

End Of The Slump? Floki Eyes A 46% Price Surge — Analyst

Floki, the joke coin that used to be very popular, has been going up and down since June. It dropped from a high point of $0.00034 to a low point of $0.00011, a huge 65% loss. Related Reading But an 18% rise in the last 24 hours has given experts new hope. They are now speculating on a possible price surge, with some predicting a remarkable 165% growth over the next year. FLOKI up over 18% in the last 24 hours. Source: Coingecko Floki Breakout Looms? “Floki’s price action has…

Analyst Forecasts Bitcoin Bull Run Top With Time-Tested Indicator

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In a video update on YouTube, crypto analyst Rekt Capital delved into the dynamics of Bitcoin’s price movements through the lens of the PI Cycle Top Indicator, a predictive tool that has garnered attention for its historical accuracy in pinpointing the peaks of Bitcoin bull runs. Here’s How High Bitcoin Price Could Go This Cycle The PI Cycle Top Indicator operates by tracking two key moving averages: a short-term 111-day moving average (colored orange in Rekt Capital’s visual analysis) and the 350 day moving average (depicted in green) to gauge…

Bitcoin hits bottom, expect a spike to $68k level: analyst

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Bitcoin has probably bottomed out and is now primed for an uptick, according to anonymous crypto trader self-proclaimed “bubblechaser” Bluntz. In an Aug. 15 post on X, the trader — famous for correctly predicting the 2018 Bitcoin (BTC) bottom — proclaimed that the cryptocurrency had completed an ABC correction, with its price probably due to end up around the $68,000 level. An ABC correction is a fundamental concept in Elliott Wave theory, which is used to analyze market cycles and predict future price movements. The correction consists of three waves;…

Is XRP on the Brink of a 50,000% Rally? Signs Point to Yes, Says Top 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…

Financial Analyst Peter St Onge States Saving the Dollar Is Easy: Return to the Gold Standard

Peter St Onge, an economist and financial analyst, has explained his proposal to save the U.S. dollar from crumbling under the current central banking system. St Onge proposes returning to the gold standard, backing the total dollar issuance with gold at current prices and mandating the Treasury to repurchase it when it flows out. Economist […] Source CryptoX Portal

Analyst Says ATOM Has ‘A Great Chart’

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Cosmos is presently held between a rock and a hard place in the market, according to crypto analyst Alan Santana. To him, this is a very opportunistic time for long-term investors, most especially those with a bullish outlook. Related Reading He feels that ATOM is currently trading at quite a remarkable discount from the highs posted, hence positioning itself for a very compelling risk-reward entry. According to Santana, Cosmos has “a great chart” because the coin is trading very low compared to historical prices. ✴️ Cosmos (ATOM) Pre-2025 Bull-Market Accumulation…

Is Dogecoin Headed For A 40% Slide? This Analyst Thinks So

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Dogecoin has finally reached a very precarious moment. The former darling of the meme token world turned into a bearish trend, with recent charts unveiling a concerning decline. Related Reading Analysts made the observation that DOGE has dropped below a key resistance area that formerly acted as a crucial support level, a sign of more losses in store. Investors are now worried that in case it continues failing to find stability, it could drop another 38% to 40%. Other major support levels are at $0.055-0.0628; and breaking these could set…