Tag: Analyst

Bitcoin Tumbles on Hot CPI Data, But This Analyst Stays Ultra Bullish: Here’s Why

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The better-than-expected United States Consumer Price Index (CPI) released on April 10 is already sending shock waves through the financial market. Bitcoin and most crypto assets are trading lower, extending losses recorded on April 9, weighing negatively against optimists. United States CPI Data Came In Hot According to Trading Economics data on April 10, CPI, a key economic metric for gauging inflation, rose 0.4% in March, pushing the annual inflation rate to 3.5%. Notably, this surpassed economist predictions and, most importantly, dashed hopes for the United States Federal Reserve (Fed)…

Crypto Analyst Drops Trading Strategy To Profit Off Shiba Inu’s Next Leg Up Above $0.00003

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Crypto analyst Kamaz recently dropped a bullish trajectory analysis regarding Shiba Inu on its journey to reaching above the $0.00003 mark again. In his latest update, Kamaz noted three bullish price targets for SHIB in a long position after noting a potential market upswing. Interestingly, this bullish prediction comes amidst a wider market uncertainty and with Shiba Inu registering a bullish reversal in on-chain metrics.  Analyst Drops Bullish Trading Strategy Kamaz’s analysis is based on a 4-hour chart timeframe which he shared on social media. At the time of analysis,…

XRP Heading To $100-$500? Analyst Provides Speculated Timeframes

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Following an extended period of stasis, the price of XRP has suddenly begun to rise, fueling several bullish predictions regarding the altcoin’s direction from several cryptocurrency analysts.  Bullish Timelines For XRP The most current positive forecasts came from cryptocurrency expert and XRP enthusiast BarriC, who has established multiple timelines for the digital asset to rise to unprecedented heights in the long term. Taking to the X (formerly Twiter) platform, BarriC voiced his opinions, noting that as time goes on, crypto investors might have fewer chances to purchase cheap XRP. According…

Analyst Says Bitcoin Halving Influence Is No Longer Driving Price, Here’s What Is

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Analysts from CryptoQuant have revealed that the influence of the 2024 Bitcoin halving on the price of BTC has notably diminished. According to the crypto analytics firm, the highly anticipated halving event is no longer the key driver for a bullish momentum in BTC.  Bitcoin Halving Effects On Prices Is Fading CryptoQuant wrote in a recent research report that the upcoming Bitcoin halving event scheduled this April may not deliver the desired price shock expected by most crypto analysts and investors in the space.  According to the analytics firm, the…

Bitcoin To Go ‘Ballistic’ After Halving, Says Top Analyst

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As the crypto space eagerly awaits the highly anticipated Bitcoin halving event, top crypto analyst Willy Woo has emerged with a bullish prediction that has stirred considerable excitement among enthusiasts. Woo particularly underscored the potential for Bitcoin’s price to surge dramatically, using the term “ballistic” to describe the expected trajectory post-Halving. Notably, Bitcoin’s Halving is an integral component of its protocol. It occurs approximately every four years and reduces miners’ reward for validating transactions on the blockchain. This event also effectively reduces the rate at which new BTC enters circulation,…

Bitcoin To $150,000 Is “Programmed” With Halving Approaching: Analyst

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With Bitcoin ripping higher and closing in on breaking all-time highs, one analyst on X thinks $150,000 post-halving is “programmed.” The analyst remains upbeat in a post, highlighting several fundamental developments that could drive the world’s most valuable coin to new valuation and more than 2X from spot rates.  Currently, the path of least resistance remains northward. Buyers have shaken off the bears of the past trading month, finding anchor from the March 20 bull bar. On April 8, the coin soared above the key liquidation level at around $71,800. Bitcoin has…

Filecoin Bull Run On The Horizon? Analyst Sees 250% Surge

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Filecoin (FIL), a decentralized data storage network, has experienced a recent surge in value, grabbing the attention of cryptocurrency analysts. The price increase, coupled with bullish analyst predictions, has ignited optimism for FIL’s future. At the time of writing, FIL was trading at $8.99, down 0.8% in the last 24 hours, but managed to sustain a 1.6% increase in the last seven days, data from Coingecko shows. Source: Coingecko Filecoin Price Poised For A Rally? Technical analysis plays a crucial role in predicting cryptocurrency prices. Analysts like “World Of Charts”…

Analyst predicts Bitcoin to hit $150k by 2025, uptick in Microstrategy stock

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The Benchmark Company analyst Mark Plamer expects Bitcoin’s price to hit $150,000 by the end of 2025.  Palmer’s comments came via an April 8 investor note, in which he raised his price target for MicroStrategy (MSTR) to $1,875, almost doubling from his previous target of $990.  Palmer’s optimism about MSTR is based on the company’s Bitcoin holdings. The analyst expects the flagship cryptocurrency to hit a price of “$150,000 by 2025.” He noted that MicroStrategy’s massive Bitcoin holdings will greatly benefit from the upcoming halving event, as the supply of Bitcoin will…

Crypto Analyst Unveils Top Altcoins For Biggest Returns This Cycle

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In a detailed analysis shared on X, Miles Deutscher, a renowned crypto analyst, cast a spotlight on the burgeoning sector of Real World Assets (RWA) within the crypto market. Deutscher’s discourse comes in the wake of BlackRock’s groundbreaking venture into tokenized funds, signaling a seismic shift in the digital asset landscape. With projections indicating that tokenized assets are poised to reach a valuation of $10 trillion by 2030, Deutscher’s enthusiasm is palpable. “If you’re still sleeping on this sector, now is the time to wake up,” he declares, laying the…

Bitcoin Can Reach $140,000 After This Rare Signal Prints: Analyst

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Bitcoin may be hovering below its all-time highs, but analysts are turning bullish based on a rare chart formation. Taking to X, the analyst observed that BTC has closed two consecutive months above the upper Bollinger Band on the monthly chart.  Bitcoin rides the Bollinger Bands | Source: Analyst on X A Rare Bollinger Band Signal Prints: BTC To $140,000? The analyst said that historically, when Bitcoin closes two consecutive months above the upper Bollinger Band on the monthly chart, prices tend to double within three months. If this pattern holds,…