Tag: Analyst

Crypto Analyst Identifies XRP Bear Flag To Trigger A Massive Crash To $0.07

boss

XRP, like the rest of the crypto market, is seeing an active retrace that has sent prices back toward levels not seen since last year. As anticipation around a potential Bitcoin Spot ETF approval builds up for this week, expectations are that this retrace will be short-lived. However, not everyone is bullish on a potential recovery as one crypto analyst expects the price of the altcoin to see a massive crash going forward. XRP Massive Bear Flag Appears Crypto analyst Bitgolder took to TradingView to share an extremely bearish analysis…

Analyst Says Expect A Decline To $30,220 If Bitcoin Loses This Support

boss

An analyst has explained how a decline to $30,220 or below could happen for Bitcoin if the strong support range below the current price gets lost. Bitcoin Has Strong Support Between $42,560 And $43,245 Right Now In a new post on X, analyst Ali has discussed how Bitcoin is floating above a strong on-chain support wall currently. In on-chain analysis, the potential of any price level to act as support or resistance lies in the amount of Bitcoin that was last purchased at said level. This is because the investors…

Analyst Predicts $570 Billion Inflow Amid Bitcoin Spot ETF Approval

boss

Scott Melker, a cryptocurrency analyst and advocate has pointed out a massive inflow into Bitcoin following the approval of BTC Spot Exchange-Traded Fund (ETF). Bitcoin Might Be Poised For $570 Million Inflow The crypto analyst shared his projections with the entire cryptocurrency community on the social media platform X (formerly Twitter). Melker proposed that $570 billion could be invested in a Bitcoin ETF, representing just 0.5% of the overall assets managed by Registered Investment Advisors (RIAs). In the X post, Melker pointed out that the overall assets managed by RIAs…

Crypto Analyst Forecasts MATIC Price Recovery With This 16% Swing

boss

MATIC was one of the altcoins affected by the recent market downturn triggered by the controversial Matrixport report on the Bitcoin spot ETF this week. This negative sentiment pushed the cryptocurrency’s price from trading at nearly $1 to below $0.85 in a single move. However, the tide seems to be turning in favor of the bulls, as the MATIC coin has jumped more than 1.2% in the past day. In fact, a popular crypto analyst on the X (formerly Twitter) platform has sounded a buy alarm for Polygon’s native token.…

Bloomberg Analyst Cuts Probability of Bitcoin Spot ETF Rejection to 5%

boss

Popular Bloomberg ETF analyst Eric Balchunas has lowered the possibility of the US Securities and Exchange Commission (SEC) denying the launch of the Bitcoin spot ETF to 5%. This latest forecast comes as crypto enthusiasts worldwide anticipate a wide-scale approval of various Bitcoin spot ETF proposals by the SEC on Wednesday, January 10. Why The Bitcoin Spot ETF Approval Appears Nearly Certain: Bloomberg Analysts Weigh In In October, Eric Balchunas and fellow Bloomberg analyst James Seyffart predicted that there is a 90% chance that ARK Invest and 21 shares would…

Crypto Analyst Predicts Dramatic Rise In Cardano (ADA) Price, Here’s The Target

boss

Crypto analyst Guy Turner has predicted that Cardano (ADA) could experience a significant price surge soon enough. The analyst also gave an insight into what price levels the crypto token could hit when this happens.  Cardano To Rise To $1 In a video posted on his YouTube channel, Turner mentioned that ADA could rally to as high as $1 as that is the next significant level of resistance. The analyst’s projection is based on the fact that ADA’s weekly chart suggests that the crypto token is in the process of…

Analyst highlights key signal for XRP; NuggetRush and Beam start strongly in 2024

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Based on a historic bullish pattern, the XRP price may rally by 100% Beam starts 2024 on a bullish note.  NuggetRush has sold over 133 million tokens. NUGX prices are up 50% from $0.010 to $0.015. A crypto analyst, CryptoInsightUK, believes XRP may surge, rising by 100%. Meanwhile, NuggetRush (NUGX) and Beam are leading other altcoins in their latest price surge. NuggetRush: crypto for beginners in 2024 NuggetRush is a…

Analyst Doubles Down On Bullish Year For Bitcoin

boss

Bitcoin (BTC) began 2024 on a positive note gaining by 3.18% in the first week of the year, according to data from CoinMarketCap. The premier cryptocurrency is expected to herald in a bull crypto season, with many investors expecting immediate approval of Bitcoin spot ETF proposals by various asset managers.  However, regardless of the decision of the US Securities and Exchange Commission (SEC) in the next few days, crypto analyst Ali Martinez believes Bitcoin is still poised for massive gains in 2024 as there is another bullish factor in play. …

Bitcoin “Outlook Remains Bullish,” As Long As This Stays True: Analyst

boss

An analyst has explained that the outlook for Bitcoin should remain bullish as long as the cryptocurrency’s price remains above this level. Bitcoin Has Strong On-Chain Support Above $41,800 In a new post on X, analyst Ali talked about the various BTC support and resistance levels from an on-chain perspective. In on-chain analysis, the strength of any support or resistance level depends on the amount of Bitcoin that the investors bought at said level. The chart below shows what the distribution of the different BTC price ranges currently looks like…

Why This Analyst Thinks It’s Impossible For The Bitcoin ETF To Be Priced In

boss

On a high note, the crypto market starts in 2024, with BTC’s price rising steadily from $41,000 to around $46,000 as the Bitcoin ETF decision looms. The upcoming decisions by the U.S. Securities and Exchange Commission (SEC) on the BTC spot Exchange Traded Funds (ETFs) could lead to significant market fluctuations. These decisions, expected between January 5th and 10th, have kept Bitcoin (BTC) and Ethereum (ETH), along with altcoins, on a tightrope with high funding rates indicating a preference for leveraged trades. BTC’s price trends to the upside on the…