Tag: Analyst

Bitcoin has bottomed despite ‘astonishing’ BTC price action — Analyst

Bitcoin (BTC) further ground down volatility into Aug. 12 as “astonishing” BTC price action stayed in place. BTC/USD 1-hour chart. Source: TradingView Bitcoin: “Classic weekend chop” expected Data from Cointelegraph Markets Pro and TradingView followed a flat Bitcoin trading environment as the weekend began. After displaying only muted reactions to the week’s United States macroeconomic data prints, BTC/USD held firm near $29,500 — a key battleground between bulls and bears. “Expecting just another classic weekend chop around the CME close price,” popular trader Daan Crypto Trades wrote in part of…

Bitcoin has bottomed despite ‘astonishing’ BTC price action — Analyst

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Bitcoin (BTC) further ground down volatility into Aug. 12 as “astonishing” BTC price action stayed in place. BTC/USD 1-hour chart. Source: TradingView Bitcoin: “Classic weekend chop” expected Data from Cointelegraph Markets Pro and TradingView followed a flat Bitcoin trading environment as the weekend began. After displaying only muted reactions to the week’s United States macroeconomic data prints, BTC/USD held firm near $29,500 — a key battleground between bulls and bears. “Expecting just another classic weekend chop around the CME close price,” popular trader Daan Crypto Trades wrote in part of…

Bitcoin ETF could be approved today, analyst claims

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Eager anticipation builds in the crypto sector as a pivotal decision on the ARK 21Shares Bitcoin ETF approval is expected by Aug. 12. The crypto community awaits the next step in Bitcoin (BTC) exchange-traded fund (ETF) approval. It is expected to be unveiled on Aug. 11, according to Bloomberg Intelligence analyst and ETF expert James Seyffart. TIMELINE: I’ve had questions in DMs and mentions over the last few days. The next SEC deadline for #Bitcoin ETFs…

Bitcoin ETFs to push US slice of crypto ETF trading volume to 99.5% — Analyst

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The United States could make up for 99.5% of the global trading volume for crypto-related exchange-traded funds — but only if spot Bitcoin ETFs are approved, according to a Bloomberg ETF analyst. Currently, North America accounts for 97.7% of all crypto ETF trading volume, Bloomberg senior ETF analyst Eric Balchunas revealed in an Aug. 10 X (Twitter) post. “If/when spot ETFs come out in the U.S. this will likely go to like 99.5%,” he speculated. Global crypto ETF trading volume: Source: Eric Balchunas on X (Twitter) There is currently a…

Bitcoin Bears Ran Out Of Coins? What This Analyst Forecast For BTC At $30,000

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Despite today’s macroeconomic developments, the price of Bitcoin continues to move sideways and seems likely to stay on this path. The number one crypto by market cap has seen its volatility drop to fresh lows as its price is trapped at current levels. At the time of writing, Bitcoin trades at $26,600 with sideways movement in the last 24 hours. Over the past seven days, the cryptocurrency has recorded some profits but has been unable to break above or below the $28,000 to $30,500 range. BTC’s price is moving sideways…

Here’s Why This Analyst Foresees Hedera (HBAR) Breaking Into The Crypto Top 10

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Hedera popularly known as HBAR, has lately been drawing attention in the world of cryptocurrencies. An influencer from the crypto-sphere recently asserted that this digital currency is poised to cement its position among the top 10 in the industry. HBAR’s Position In The Upcoming Bull Market Classy Crypto, a crypto-focused YouTube channel, hosted a discussion where the anchoring influencer laid out his reasoning, foreseeing HBAR’s substantial ascent in the near future. According to the host of Classy Crypto, HBAR is not just positioned to rise but is also primed to…

Bitcoin ETF to be approved in 6 months, Bloomberg analyst says

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Insiders suggest that Bitcoin ETF approval is inevitable. Bloomberg ETF analyst Eric Balchunas says expectations vary from four to six months. Bloomberg’s senior ETF analyst Balchunas cites the earnings call with Mike Novogratz, CEO at Galaxy Digital. Novogratz, in his turn, referred to his sources in BlackRock and Invesco. Per Novogratz, the question of Bitcoin (BTC) ETF approval is “when, not if.” According to “contacts” from inside BlackRock and Invesco spot Bitcoin ETF approval a matter…

Crypto Analyst Says Bitcoin Could Reach $180,000 Next Cycle If This Happens

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Since the Bitcoin bull market began, one discussion that has never left the crypto community is when the next bull rally will commence and if it would follow the previously established trend around the halving events. To this end, a crypto analyst, Lark Davis, has taken to X (formerly Twitter) to share his forecast around the next bull market. What Could Happen If History Repeats Itself All of the previous Bitcoin bull markets have always begun after the BTC halving event which cuts block rewards in half. However, this time…

Crypto Analyst Deciphers XRP Price Movement: What’s Next For The Altcoin?

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One of the leading names in the crypto analysis sector, Michael van de Poppe, recently shed light on XRP’s price movements. Known for his crypto observations, his latest tweet has stirred conversations in the crypto community, especially pertaining to Ripple’s native cryptocurrency, XRP. In his most recent analysis, van de Poppe indicated that XRP’s price movement is now at a critical juncture.  XRP Entering The ‘Area Of Interest’ Particularly, according to Michael van de Poppe’s tweet, XRP is currently moving into what he terms an ‘area of interest’ on its…

Crypto Analyst Points To Bitcoin Price History Repeating Itself

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The general crypto market has recorded a slight decline in the last week, with the market leader Bitcoin losing 0.78% of its value over the last seven days.   This price loss amplifies BTC’s negative monthly performance, pushing its total loss in the last 30 days to around 5.38%, according to data from CoinMarketCap. At the time of writing, the premier cryptocurrency is trading at around $29,022, with its daily trading volume valued at $10.746 billion, having gone down 12.54%.  However, amidst Bitcoin’s current downtrend, it appears the token’s larger performance…