Tag: Analyst

Analyst Uncovers BlackRock Long Interest In Bitcoin Mining

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Based on a recent report by Bloomberg analyst Jamie Coutts, asset managers’ interest in Bitcoin stretches beyond exchange-traded funds (ETF) into the mining sector. In particular, Coutts speaks about BlackRock, describing the asset manager’s application with the US Securities and Exchange Commission (SEC) to offer a Bitcoin spot ETF as “unsurprising.”  The analyst stated that BlackRock and other prominent global asset managers, namely Vanguard and State Street, have been involved in the Bitcoin mining industry for over three years.  In hindsight, #BlackRock‘s massive #Bitcoin spot ETF play shouldn’t have been…

Bloomberg Analyst Points Out Two Key Bitcoin Metrics Demonstrating Historic Strength

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As the bear market continues to linger, several market analysts have pointed out key metrics or factors that show that the Bitcoin bull market might not be far off. This time, Bloomberg analyst Jamie Coutts has identified key Bitcoin adoption metrics that provide bullish signals to the crypto community. What Are These Key Bitcoin Metrics? In a tweet shared on his X (formerly Twitter) platform, Coutts noted that “HODLers” and transactions on the Bitcoin network were at an all-time high. According to the update he shared, the number of addresses holding…

Crypto Analyst Says Prepare For 100% Increase In Bitcoin Price As Historical Pattern Forms

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Last week was a quiet one for Bitcoin, as the US dollar continues to gain ground in the foreign exchange market. Price action, in particular, has had Bitcoin breaking below the $26,500 support, indicating a potential risk of more losses below the $26,000 support in the near term.  Some analysts, however, are still betting on a new Bitcoin bull run in the near future. According to crypto analyst “Titan of Crypto”, the Bitcoin price is poised for a huge surge over the next year that could see it double in…

Analyst Backs Bitcoin To Reach $34,500 In 2024 In New Prediction

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Bitcoin (BTC) has experienced little price movement this week and is up by only 0.25% in seven days, according to data from CoinMarketCap. Following the announcement on Wednesday that federal interest rates will remain at their current level, the premier cryptocurrency showed the expected reaction, maintaining its price above $27,000.  However, over the last two days, Bitcoin has witnessed a slight price decline of 2%. As the most-priced blockchain asset now hovers around $26,500, crypto analyst Captain Faibik has predicted an incoming bullish run, which may see BTC close out 2023…

ASO Bullish Cross Reveals Bull Run Start For XRP: Crypto Analyst

Renowned crypto analyst EGRAG Crypto has unveiled a fresh XRP price prediction, introducing the community to a less-known indicator, the “Average Sentiment Oscillator” or ASO. Commenting on its significance, EGRAG explained on Twitter today: “Exciting ASO Update Alert! Check out the post from September 9th to witness the impressive ascent and curve of the bullish trend! The momentum is ablaze, with an unstoppable surge toward that coveted bullish cross! #XRPArmy, HOLD STEADY! The imminent ASO bullish cross is the spark that will ignite the upcoming XRP bull run!” Here’s When…

Immutable (IMX) Up By 23% In A Single Day, Analyst Suspects Market Manipulation

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IMX, native token of Ethereum layer-2 scaling solution Immutable X, recorded massive gains on Thursday, soaring by over 23% within the last 24 hours. Before this price gain, IMX had been relatively stable all week, hovering around the $0.52 price zone, according to data from Coingecko. Behind IMX’s Rise, Analysts Points To Price Manipulation Although there may be no clear reasons for the token’s positive price movement, Chinese reporter Colin Wu speculated about potential price speculation.  According to a post on X by Wu, 10.95 million of the token, valued…

“Paper BTC” Is Counteracting A Bullish Bitcoin Supply Shock, Analyst Explains

An analyst has explained how the growth in “paper BTC” could be counteracting a bullish Bitcoin supply shock from taking effect. Liquid Bitcoin Supply Has Dropped, But Paper BTC Is Still At Significant Levels In a new post on X, analyst Willy Woo shared insight into how the paper BTC compares against the real BTC being traded. According to the analyst, “paper BTC” refers to the combined futures open interest value. Here is a chart that shows the trend in the ratio between the two types of Bitcoin over the…

Bloomberg Analyst Lauds Bitcoin Energy Shift Amid Rising Hashrate

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The Bitcoin mining industry has risen steadily in the past few years thanks to the widespread adoption and increasing interest in the Bitcoin blockchain. This growth has led to a vast increase in Bitcoin’s hash rate, causing concerns regarding the carbon footprint left behind by mining activities. A recent Bloomberg study has shown, however, that the carbon footprint left behind by the Bitcoin blockchain has stalled in recent years.  Bitcoin Unlikely To Burn The Oceans It’s no news that Bitcoin mining is now a big industry on its own, with…

Bitcoin Enjoys Growing Favorable Conditions, Top Analyst Says

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Bitcoin analyst and fervent BTC advocate, Will Clemente, has recently shed light on a compelling macroeconomic landscape unfolding, potentially favoring the world’s leading cryptocurrency.  Clemente suggests that the United States is currently facing an unavoidable predicament, where it must increase its money supply significantly to manage its mounting debt burden. This, he argues, sets the stage for substantial currency debasement in the near future. Clemente’s analysis hinges on the growing probability of the United States further expanding its money supply over the coming years. With the relentless trend of rapid…

XRP Price Set For 250% Surge; Analyst Highlights Key Catalyst

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Prominent analyst EGRAG CRYPTO has brought attention to the potential of a significant surge in the XRP price, based on a technical analysis that relies on Fibonacci retracement levels. According to a recent tweet from the analyst, “#XRP Color Code To $1.4: If XRP triumphantly closes above the Fib 0.5 level at $0.57 with undeniable confirmation, we’re setting our sights on the $1.4!” The detailed analysis of the chart shared by EGRAG CRYPTO reveals key price points that are significant for the future movement of XRP. The “wicking” range is…