Tag: Analyst

Analyst suggests The Fed could push Bitcoin to $20,000

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Popular cryptocurrency YouTuber CryptoBanter believes Bitcoin (BTC) could fall to $20,000 in the near future amid ongoing economic uncertainty. In his Oct. 12 livestream, CryptoBanter analyzed the latest price action and macroeconomic factors impacting Bitcoin. He believes the leading cryptocurrency remains at risk of further declines after breaking below several key support levels. If Bitcoin starts to break and close below that $25,000 level I’ll tell you almost the same thing over here, and give you a different visual perspective. You can see prices operating within the top side of…

Bitcoin signals historic bottom, analyst says

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CryptosRUs, a popular cryptocurrency YouTuber with over 666,000 subscribers, believes several technical and fundamental indicators suggest the bottom is near for Bitcoin. In a livestream video on Oct. 11, CryptosRUs analyzed the latest crypto market trends and pointed out signs that Bitcoin is oversold and due for a rally. One of the key indicators CryptosRUs highlighted is the Relative Strength Index (RSI), a technical analysis tool that measures whether an asset is overbought or oversold. The RSI for Bitcoin recently hit low levels, indicating the cryptocurrency is oversold. “This is…

Will Ethereum Drop Back To $900? Here’s What This Analyst Thinks

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Following the Terra LUNA network collapse back in 2022, the price of Ethereum followed the general market downtrend. As a result of this, the ETH price had fallen to a new cycle low of $900, before recovering once more. However, now that the altcoin is still deep in the throes of the bear market, questions have arisen once more about the chances of the price returning to its 2022 lows. Crypto Analyst Says Ethereum Could Drop To $900 In an analysis posted on TradingView, crypto analyst FieryTrading presents a scenario…

Bitcoin Could See A 50% Rise Based On This, Analyst Explains

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An analyst has explained that a pattern in Grayscale Bitcoin Trust (GBTC) could suggest a potential 50% rise for BTC may be ahead. Bitcoin & GBTC Have Seen A Decoupling In Recent Months In a new post on X, analyst James V. Straten has discussed the correlation between GBTC and BTC that has been present over the years. The Grayscale Bitcoin Trust is an investment vehicle that holds Bitcoin and allows exposure to these holdings through its shares. The chart below shows the trend in the percentage performance of Bitcoin…

How war in Israel will move Bitcoin: analyst explains

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The outbreak of war between Israel and Hamas last weekend has geopolitical and economic implications that could influence the price of Bitcoin and other cryptocurrencies, according to YouTube crypto analist EllioTrades. The attacks, which caught many Israelis by surprise on the final day of the Jewish holiday Sukkot, involved thousands of rockets fired from Gaza as well as armed militants breaching the border fence and waging attacks on the ground. Hundreds were killed as cities and buildings were left in ruin. The analyst explains that at first glance, the conflict…

Crypto Analyst Puts Litecoin Price At $84, Here’s The Timeline

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Since its third halving event was successfully completed in early August, the Litecoin price has fallen off the radar of crypto investors. This was mainly due to the price decline that LTC experienced after heavy profit-taking from investors who had invested leading up to the price surge triggered by the expectations around the halving. But it seems the tides are finally turning for the coin as one analyst predicts a more than 30% increase in price going forward. Litecoin Price Shooting For The Stars The current crypto market headwinds seem…

Is Ethereum Set For A Huge Plunge? Here Is What This Analyst Predicts

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Ethereum (ETH) has maintained its spot as a leading altcoin. However, a recent analysis from Benjamin Cowen indicates that its journey, at least in comparison to Bitcoin (BTC), could have followed a better trajectory.  In a space where past trends can sometimes indicate future outcomes, ETH’s price behavior, when viewed against BTC, offers a tale of potential concern. Ethereum Stumbling Blocks In 2023 A leading voice in the crypto analytical community, Benjamin Cowen, expressed his lack of enthusiasm for ETH’s performance in 2023 during a YouTube video. The ETH /…

Crypto Analyst Identifies 6 Overlooked Altcoins That Could Be Due For A Price Surge

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With tens of thousands of altcoins circulating the market, crypto investors can easily miss out on the next 100x coin due to it not being on their radar. This is often not the fault of the investor as it can be hard to keep track of so many coins. As a result of this, a Santiment analyst has presented a total of 6 overlooked altcoins that could be primed for a rally. Crypto Analyst Presents Altcoins Using Network Activity As pointed out by the crypto analyst in the Santiment post,…

US Policy’s Endgame Will Boost Bitcoin And Crypto: Analyst

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The intricacies of US monetary policy have been placed under the microscope by Jordi Alexander, CIO of Selini Capital, who today offered an incisive analysis of the potential ripple effects these policies may have on the Bitcoin and crypto market. Drawing correlations between traditional financial mechanisms and the nascent digital asset landscape, his commentary elucidates a series of complex market dynamics that every investor should be aware of. At the crux of Alexander’s argument is his observation that the Federal Reserve’s approach to handling current economic conditions might be nearing…

Crypto analyst calls for Bitcoin price to blast off

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Crypto analyst Jason Pizzino examined historical stock market cycles and predicted that Bitcoin could see significant price increases. In an Oct. 9 YouTube video, crypto analyst Jason Pizzino took a deep dive into historical stock market cycles. He used that data to predict where the price of Bitcoin (BTC) could be headed in a new video posted on October 9, 2023. Pizzino claimed that if you look back over the last 100 years, stock markets tend to follow approximate 20-year cycles. At the end of each cycle, markets historically hit…