Tag: Analyst

Crypto Analyst Says Bitcoin Is At A High Premium, How To Trade It

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Bitcoin is facing resistance at its yearly high of the $35,000 mark amidst a few days of eventful price action. Right now, all things seem poised for a retracement, considering past price action of the cryptocurrency after sudden price surges.  However, according to some crypto analysts, Bitcoin is currently trading at a high premium. This means its price is inflated right now due to all the excitement and media attention. Data from crypto behavior analytics Santiment has shown euphoria regarding Bitcoin among investors on social media posts. This euphoria has…

SHIB Will Lose Place To PEPE In New Bull Cycle, Analyst Makes The Case

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The crypto market is constantly in motion; there is a potential shift in SHIB and its position in the nascent sector. An analyst presented a bullish case for PEPE, which could directly impact SHIB’s position in the meme coin market. As of this writing, PEPE has considerably outperformed SHIB and other memecoins. PEPE records a 14% increase in the last 24 hours alone and a 90% increase over the past two weeks, while SHIB records an 18% profit over the same period. SHIB’s price trends to the upside on the…

Dogecoin Price Poised For Epic Surge To $1.5: Crypto Analyst

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In a recent analysis shared by renowned crypto analyst, Jaydee, Dogecoin (DOGE) appears to be setting the stage for a potentially significant price rally. The chart showcases a series of technical indicators and patterns that hint towards a bullish trajectory for the meme coin, with a projected price target above $1.5. In a tweet accompanying the chart, Jaydee remarked: “Dogecoin – meme (shitcoin) with a beautiful chart structure! Will DOGE have that confirmed breakout?! Last time it broke out from a multi-year triangle, it 380x in price! Similar structure compared…

Analyst Puts MATIC Price At $1.5

The MATIC price has disappointed investors over the course of this year after falling from $1.5 to $0.5. This extended bear trend has significantly impacted investor morale but one analyst sees a redemption in the future of the altcoin, in the form of a 220% surge to $1.5. MATIC Price To Make A 220% Break The analysis of the MATIC price came from crypto analyst FieryTrading. Taking to TradingView, the analyst paints a bullish future for MATIC which they believe could rise as high as $1.5. From this current level,…

Visa (V) Stock Rises as Q4 2023 Earnings Results Exceed Analyst Expectations

Visa stock is up by about 23% over the past 12 months and only slightly down from July 2021’s all-time high of $252.67. Visa Inc (NYSE: V) stock rose 1.35% in Tuesday’s regular session following the release of the company’s earnings results for its fiscal Q4 2023 on Tuesday. The shares rose to $234.65, trading between the 50-day and 200-day lines. The payments giant’s earnings results late Tuesday exceeded analyst predictions for the quarter as transaction volume increased due to an increase in consumer spending as inflation cools. Visa’s net…

Chainlink (LINK) Surge Far From Done As Crypto Analyst Predicts Rise To $15

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Chainlink (LINK) is one of the altcoins that have enjoyed a massive resurgence in recent days alongside the flagship cryptocurrency, Bitcoin. The token rose to as high as $10 on October 23 and seems to have established support at that level. Following this, some crypto analysts have gone on to analyze whether or not it can sustain this momentum.    Can The Chainlink Rally Be Sustained? In a post shared on his X (formerly Twitter) platform, crypto analyst Felix drew up an analysis of LINK’s price movement on the charts, noting…

Analyst explains catalysts of next Bitcoin bull run

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Popular cryptocurrency analyst CryptosRUs outlined several potential catalysts for the next Bitcoin bull run in a video published on Oct. 23. He pointed to recent comments made by BlackRock CEO Larry Fink, who described cryptocurrencies like Bitcoin (BTC) as a “flight to quality” amid global uncertainty. CryptosRUs agreed with this assessment, stating that smart investors are turning to Bitcoin as a hedge against inflation and a lack of trust in governments and central banks. The prospect of the first Bitcoin spot ETF approval was highlighted as another potential catalyst. CryptosRUs…

God Candle Coming For XRP Price? Analyst Reveals His Target

The XRP price has experienced a strong upswing along with the entire crypto market in the past few hours. XRP has temporarily risen by more than 5%, approaching a crucial resistance zone that if broken could trigger a strong and impulsive “god candle”. Renowned crypto analyst Egrag unveiled his latest technical analysis on XRP’s price trajectory, sparking excitement within the crypto community. Using the 3-day XRP/USDT price chart, Egrag brings attention to several pivotal moments and trends.”XRP Gods Candle, it is coming, tweeted Egrag. The “Berlin Wall” Of Resistance For…

BlackRock’s spot Bitcoin ETF now listed on Nasdaq trade clearing firm — Bloomberg analyst

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The iShares spot Bitcoin exchange-traded fund (ETF) proposed by investment firm BlackRock has been listed on the Depository Trust & Clearing Corporation (DTCC), suggesting potential approval by the United States Securities and Exchange Commission. In an Oct. 23 X (formerly Twitter) thread, Bloomberg ETF analyst Eric Balchunas said the DTCC listing was “all part of the process” of bringing a crypto ETF to market. The iShares spot Bitcoin (BTC) ETF has a ticker symbol of IBTC for a possible listing on the Nasdaq stock exchange, which applied to list and…

Crypto Analyst Lists Reasons Why Cardano (ADA) Will Not Do Well In The Bull Market

Many crypto analysts have a list of crypto tokens that they expect to make a run when the bull market returns. Sadly, Cardano (ADA) hasn’t made the list as crypto analyst Lady of Crypto has outlined five reasons why the crypto token will not perform well during that period. Cardano’s Flaws Might Be ADA’s Downfall In a video posted on her YouTube channel, the first reason she stated was that Cardano had a slow development pace and that it could not thrive in a fast-paced crypto industry. She alluded to…