Tag: Analyst

Bitcoin ‘Real Pump’ Nears New All-Time Highs, Analyst Says

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Bitcoin, the ever-enigmatic digital currency, has analysts locked in a heated debate about its 2024 price trajectory. Will it soar to new heights, fueled by institutional adoption and mainstream acceptance, or will it face a reality check and revisit recent lows? Bullish Vs. Bearish Perspectives On Bitcoin The optimists, led by the prominent crypto analyst Cryptoyoddha, paint a picture of a bullish future. They point to a meticulously tracked historical chart showcasing the cyclical price movements of Bitcoin. Each cycle, Cryptoyoddha argues, follows a similar pattern: a period of accumulation…

Nobody Wants to Sell BTC, Analyst Says as Bitcoin’s Onchain Activity Limps

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Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…

Analyst Predicts $15 Price Target

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Digital asset analyst with X handle Crypto Patel has recently shared a bullish prediction on MATIC price movement in the coming weeks. This forecast comes amidst MATIC’s poor performance in the last seven days, during which it lost 6.68% of its market value, based on data from CoinMarketCap.  The Polygon native token had been one of the best-performing assets in 2024 rising by over 76.38% between January to March. However, the altcoin has now recorded a 22.83% decline over the last two weeks, drawing much concern over its future price…

Bitcoin ETF Netflows May Experience Rebound If This Price Is Attained, Analyst Explains

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In line with the decline in Bitcoin’s price, the spot Bitcoin ETF market has appeared rather gloomy in recent days. According to data from analytics firm BitMEX Research, these BTC ETFs have recorded a negative netflow for the last four trading sessions.  This situation has been marked by large levels of Grayscale’s GBTC outflows and the record low inflows for the other ETFs, mainly the market leaders BlackRock’s IBIT and Fidelity’s FBTC. However, amidst these persistent declining netflows, Ki Young Ju, a prominent analyst and Chief Executive Officer at Cryptoquant, has…

Halving Sparks XRP Frenzy: Analyst Predicts 100% Surge

XRP has experienced a notable price increase, reaching a brief high of $0.62 before settling at its current level of $0.61, as reported by CoinGecko. This surge comes amidst growing speculations surrounding the upcoming Bitcoin halving event and its potential impact on the cryptocurrency market. Potential Growth For XRP Post-Bitcoin Halving Market analysts have been closely monitoring the price movements of XRP, despite the looming uncertainties posed by the ongoing Ripple lawsuit against the United States Securities and Exchange Commission (SEC). These analysts predict sustained growth for XRP against Bitcoin,…

Crypto Analyst Says XRP Price Is Headed For $27 As 2017 Pattern Emerges

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Popular crypto analyst EGRAG CRYPTO, known for his very bullish stance on XRP, has predicted that the XRP price is headed for $27 as a pattern from 2017 emerges again. The analyst made this prediction known in a recent post on social media to reflect that XRP is now mimicking a historical cross between the 20 and 50 Simple Moving Averages. Interestingly, with XRP currently trading at $0.6079 amidst a lull market gain, EGRAG’s prediction represents a surge of over 4,300% from the current price levels.  Analyst Points To Similarities…

Bitcoin Surging But Likely To Consolidate Before Breaking $74,000: Analyst

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After capitulating on March 19, Bitcoin recovered on March 20. However, while the crypto community expects more rapid gains, even above the all-time highs of around $73,800, Willy Woo, an on-chain analyst, thinks the coin will likely consolidate in the days ahead. SOPR Peaked At An Unusually High Level: Profit-Taking? Taking to X, Woo listed several on-chain metrics, some of which, while supporting prices, are countered by others that might slow down the uptrend. At the top of the list, the analyst notes how the Spent Output Profit Ratio (SOPR) reading is…

Bitcoin (BTC) ‘Pullback Is Over’ Says Analyst, Even as Price Slips 5% Amid Stronger USD

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Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…

Crypto Analyst Touts Base As Next Memecoin Hotspot: Top 8 Picks

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In an analysis shared with his nearly 100,000 followers on X (formerly Twitter), the crypto analyst known by the pseudonym Xremlin (@0x_gremlin) has pinpointed Base as the burgeoning hub for memecoin enthusiasts and investors. This proclamation follows a season of unprecedented gains in the Solana memecoin market, with tokens like BOME, WIF, and SLERF achieving returns ranging from 300x to 1000x. Xremlin’s insight into the crypto market dynamics suggests a potential replication of these astronomical returns on Base, underlined by a tweet stating, “Meme traders on Solana printed millions this…

Bitcoin Pullback Has Ended? Analyst Declares “Worst Is Over”

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After a stunning retrace, Bitcoin witnessed a notable recovery as Wednesday closes rising from the $61,000 price mark to $67,000, triggering hopes within the cryptocurrency community that a bullish movement might be imminent. However, the crypto asset has not exactly returned to the point it was a week ago, especially since BTC reached a new all-time high last week when it surged beyond $73,000. Bitcoin Correction Has Bottomed Out With Bitcoin surpassing its previous all-time high and rising even further to set a new peak of $73,000, March has been a…