Tag: Analyst

Bitcoin goes up, altcoins go down: analyst explains

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The price of Bitcoin (BTC) has surged over the past day, increasing its price by nearly 10% to over $19,500. Meanwhile, most major altcoins like Ethereum (ETH) have continued their downward trajectory. According to crypto analyst Jason Pizzino, this divergence between Bitcoin and altcoins is expected in the current market cycle. In his latest YouTube video, Pizzino explains why Bitcoin’s price increase does not necessarily signal a broad recovery for the crypto market yet. The analyst notes that while Bitcoin successfully tested a key resistance level around $19,400, it needs…

Analyst Points Out Weird Bitcoin Activity On Bybit & Deribit Before Flash Surge

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An analyst has pointed out how some suspicious Bitcoin buying activity took place on Bybit and Deribit in the leadup to yesterday’s flash surge. Bitcoin Taker Buy Sell Ratio Saw Extraordinary Spikes On Bybit & Deribit Yesterday In a new post on X, Julio Moreno, head of research at CryptoQuant, discussed how the BTC taker buy-sell ratio looked like for the different exchanges in the market leading up to the surprise rally yesterday. The “taker buy sell ratio” here refers to an indicator that keeps track of the ratio between…

Analyst suggests false Bitcoin ETF news was market manipulation

A popular crypto YouTuber known as Crypto Banter recently discussed how potentially fake news around a Bitcoin spot ETF approval caused a pump and dump in the Bitcoin price. In a video posted on Oct. 16th, the host explained that news circulated early in the day that the SEC had approved a Bitcoin spot ETF by BlackRock. This news caused the Bitcoin price to surge dramatically from around $28,500 to briefly over $30,000. However, the host revealed that the news turned out to be fake. BlackRock confirmed they did not…

Road To $1? Analyst Forecasts 1,500% Price Rally For Dogecoin

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Recently, the price of Dogecoin (DOGE), the largest meme coin by market cap, has struggled alongside the general cryptocurrency market. However, the latest price action displays an exciting and positive outlook for the cryptocurrency. Renowned crypto analyst Ali Martinez recently shared a fresh insight on Dogecoin, speculating on a forthcoming price rally for the meme token. The Dogecoin Descending Triangle Formation Ali Martinez – via a post on the X (formerly Twitter) platform – put forward a $1 price target for Dogecoin. This price projection revolves around the multi-year descending…

Bloomberg Analyst Predicts Likelihood Of A Spot Bitcoin ETF By January 2024

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Following notable changes to the ARK 21Shares Spot Bitcoin ETF application, Bloomberg ETF analysts James Seyffart and Eric Balchunas have predicted that the US Securities and Exchange Commission (SEC) could approve a fund as early as next year.   90% Chance Of Approval In a post shared on his X (formerly Twitter) platform, Seyffart highlighted his team’s prediction of the 90% chance that a Spot Bitcoin ETF will be approved by Ark Invest’s January 10 deadline. January 10 is the day the SEC is expected to make a final decision (approval…

Bitcoin Path To $70,000? Analyst Shows What This ‘Head And Shoulders’ Pattern Reveals

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Bitcoin, the leading digital asset in terms of market cap and adoption, recent activity on its price chart has led to speculation and predictions about its future trajectory.  Acclaimed cryptocurrency trader, known as Mags on the X (formerly known as Twitter) platform, recently shared his analysis on Bitcoin, suggesting a significant price surge for Bitcoin soon. The Bitcoin ‘Head And Shoulders’ Insight According to Mags, Bitcoin’s journey to a $70,000 price tag is foreseeable. His deduction stems from observing an inverted ‘Head and Shoulders’ pattern on Bitcoin’s price chart. Notably,…

Bitcoin bearishness continues despite halving, ETF hopes: analyst

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Popular cryptocurrency analyst Nicholas Merton — known as DataDash on YouTube — remains skeptical on Bitcoin’s near-term prospects despite optimism around the upcoming halving and potential approval of a Bitcoin ETF. In a YouTube video, Merton discussed his views on the future prospects of Bitcoin. He laid out three key reasons why he believes Bitcoin is unlikely to start a new bull market anytime soon. First, he addressed the anticipation surrounding an SEC-approved Bitcoin ETF. Contrary to popular belief, Merton suggests that it may not generate as much new demand…

Bitcoin analyst claims new all-time high is coming

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Crypto markets have faced a turbulent last year, with major cryptocurrencies like Bitcoin and Ethereum dropping significantly from their all-time highs. However, according to YouTube crypto analyst Jason Pizzino, there are signs the markets may be bottoming out and are positioning for a potential recovery in 2023-2024. In his latest video analysis published on Oct. 13th, Pizzino points to the S&P 500 stock market index as a precursor to trends in crypto markets. He notes the S&P 500 has formed higher lows in August and October of this year, suggesting…

Crypto Analyst Breaks Down The Factors Behind The Bitcoin Price Decline

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As the bear market continues to linger, analysts have weighed in on the decline of the flagship cryptocurrency, Bitcoin, and the crypto market, by extension. This time, another crypto analyst has explained what is influencing Bitcoin’s price decline.  Factors Causing BTC’s Decline Bitcoin notably dropped below the $27,000 level on October 12. Addressing this decline in a recent episode on the ‘Cheeky Crypto’ YouTube channel, Crypto analyst Nick noted that there wasn’t much going on in the news and the only thing that could have affected Bitcoin’s drop was the…

Analyst Predicts Next Bitcoin Cycle Top

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The cryptocurrency landscape is once again rife with speculation as Bitcoin traverses its current fourth halving cycle. Amidst varied predictions, renowned crypto analyst CryptoCon’s insights, grounded in the Gann Square methodology, the November 28 Halving Cycles theory, and the 5.3 Diminishing Returns theory have garnered significant attention. CryptoCon remarked via X (formerly Twitter) today, “The Gann Square predicts either $89,000 or $135,000 for the Bitcoin top this cycle.” He emphasized the accuracy of the Gann Square theory during previous cycles, pointing out its precision in predicting the cycle tops. Will…