Tag: Analyst

Bitcoin to hit $50,000 in December: analyst

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In his latest YouTube video on Nov. 29th, popular crypto analyst Ivan On Tech laid out his bullish case for why he believes Bitcoin could reach $50,000 in 2023. Ivan pointed to the approval of a Bitcoin (BTC) ETF as a potential catalyst. He believes there is a 90% chance that all pending Bitcoin ETF applications in the U.S. could get approved by regulators in the first week of January. This would open the floodgates of institutional investment into Bitcoin through regulated investment vehicles. Another factor is the Bitcoin halving…

Dogecoin To Double Its Price If This Barrier Breaks, Analyst Predicts

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An analyst has explained how Dogecoin breaking the $0.087 barrier could open the path to DOGE price levels nearly double the recent ones. Dogecoin Has Three Important Lines Converging At $0.087 Right Now In a new post on X, analyst Ali has discussed what the weekly chart of DOGE is looking like right now in terms of some important historical lines. In particular, the levels of interest here are the 100-week EMA, 200-week EMA, and 0.786 Fibonacci. A “moving average” (MA) refers to an analytical tool that calculates the mean…

XRP Price Set For 20% Leap In Coming Days: Crypto Analyst

In a recent technical analysis published by crypto analyst Egrag, an inverse head and shoulders (H&S) formation has been identified on the XRP/USD chart, indicating a potential bullish reversal in the near term. The pattern, which has been forming over the last two weeks, suggests that XRP could be setting up for a significant price jump. XRP Price Poised For Imminent 20% Jump? The chart by Egrag showcases the XRP price action in a 4-hour time frame, where it has been trading within a descending channel (blue) since the beginning…

Analyst points to imminent signs of spot Bitcoin ETF approval

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Bloomberg analyst James Seyffart believes that the US Securities and Exchange Commission (SEC) could approve all applications for the instrument at once in Jan. 2024. In his opinion, this is indicated by the collection of opinions on the application to launch a spot Bitcoin ETF by Franklin Templeton and Hashdex, meaning that every applicant needs to be lined up for potential approval by the Jan. 10, 2024 deadline. The expert posted an update on the filing noting that while the SEC was very early on the Franklin case, in fact,…

Crypto analyst remains bullish despite recent pullback

In his YouTube video on Nov. 28th, the popular crypto analyst behind the Crypto Banter channel expressed his continued bullishness on Bitcoin and altcoins, despite the recent pullback in prices. The analyst believes we are currently confined in a range after Bitcoin (BTC) hit resistance around the $38,000-$39,000 zone. He explained that while some view the move above $38,000 as a bull trap to get traders to open long positions before crashing the price, he would only view it as a trap if Bitcoin made new lower lows below $35,000,…

Bitcoin Unbreakable Floor? Analyst Predicts BTC Won’t Fall Below $35,000 Ever Again

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Controversial Stock-to-Flow (S2F) model creator PlanB has recently made a bold prediction about Bitcoin (BTC) that’s captured the crypto community’s attention. Via his social media handle X, PlanB stated that Bitcoin’s price would never plummet below the $35,000 threshold again. PlanB supported his claim with a chart illustrating Bitcoin’s valuation trend about its intrinsic hash rate. According to PlanB, this relationship is a critical indicator of the digital currency’s enduring value. Despite acknowledging potential black swan events or short-term market volatility, PlanB insists that based on the current fundamentals, particularly…

Analyst Uses 5200% Impulse Against Bitcoin To Predict XRP Price Surge To $9.6

Crypto analyst CryptoInsightUK has shared his bullish sentiment on the XRP price. He noted that something may be brewing for the token and its ecosystem. Interestingly, he agrees that XRP could rise as high as $9.6. XRP Price Could Replicate 2017 Impulse In a post shared on his X (formerly Twitter) platform, CryptoInsightUK shared a monthly XRP/BTC chart. He noted that XRP’s largest impulse against BTC was around 5,200%, which occurred back in 2017. Analyzing the chart that he shared, he suggested that a similar setup to that time was…

Analyst Thinks DOT Will Reclaim Former Glory With Polkadot 2.0

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DOT, the native currency of Polkadot, a smart contract platform, remains under pressure, posting sharp losses after soaring to an all-time high of around $55 in 2021. The coin is trading at about $6, volatile but up roughly 45% from 2022 lows, buoyed by the broader recovery across the crypto scene. Will DOT Break Above Immediate Resistance Levels? Despite DOT’s woes, one crypto trader, @Ashcryptoreal, is bullish on the coin’s prospects, pointing to the eventual implementation of Polkadot 2.0, a critical update for the cross-chain network. Taking to X on November 27,…

Crypto Analyst Predicts 4400% XRP Price Surge To $27, Here’s When

Crypto analyst Egrag Crypto continues to maintain his bullish stance on the XRP token. This time, he is predicting that the token could rise to as high as $27. He also laid out why this is a real possibility.  How XRP Could Climb To $27 In a post shared on his X (formerly Twitter) platform, Egrag highlighted $1.3, $3, $5.8, and $27 as the “next stops” for XRP. He mentioned that $27 feels like a “plausible target,” having the 2017 surge in mind when the token saw a 61,000% gain…

Solana Bulls Ready To Charge As Analyst Predicts Rally Past $80

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Positive events have come for Solana (SOL), the high-performance blockchain network, indicating bullish momentum. In the last month, the price of Solana has risen by 84%, and is currently trading at $56. With gains of 18 out of the previous 30 days and price volatility of 22.32%, Solana is still a force to reckon with. In that span of time, SOL’s price surged by a staggering 78%, from $32 to $57. The ecosystem is much more excited now that Binance has listed BONK, a meme coin based in Solana. Further…