Tag: Analyst

Bitcoin BTC Price Has Reached ‘a General Accumulation Phase’: Analyst

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Bitcoin was recently trading at about $26,835, roughly flat over the previous four hours but down 1.2% from Wednesday, same time, according to CoinDesk Indexes. The largest cryptocurrency has seemed almost entirely unaffected by the Wednesday, late-night U.S. House vote to pass a debt ceiling increase that would ensure the government can pay its bills, at least short-term. The Senate will likely vote on the bill late Thursday night (ET). Original

Memecoins the next catalyst for crypto adoption — DappRadar analyst

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In episode 22 of Hashing It Out with Cointelegraph’s Elisha Owusu Akyaw, Sara Gherghelas, blockchain research analyst at DappRadar — a cryptocurrency data tracking platform — discusses the recent hype around memecoins, while looking at on-chain data. Gherghelas also provides insights on how other sectors, such as nonfungible tokens (NFTs), are faring as memecoins take off. Gherghelas believes we are in a memecoin era. From her perspective, when you mention Web3 or cryptocurrencies in 2023, many people will associate the terms with memecoins. Gherghelas says there have been multiple memecoin…

Bitcoin’s next rally may be imminent, on-chain analyst says

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After a long period of unusually low volatility, Bitcoin’s (BTC) next major price move is likely imminent and could drive BTC to $32,000, according to James Check, lead on-chain analyst at Glassnode. That price level is where Bitcoin’s “true cost basis is sitting,” Check explained in an exclusive interview with Cointelegraph.  To calculate Bitcoin’s average cost basis — the average price at which BTC was bought — Check and his team removed coins that are lost forever from the calculation and focused on active Bitcoin investors.  “It’s where the mean reversion…

Bitcoin’s next rally may be imminent, on-chain analyst points out

After a long period of unusually low volatility, Bitcoin’s next major price move is likely imminent and could drive BTC to $32,000, according to James Check, the lead on-chain analyst at Glassnode. That price level is where Bitcoin’s “true cost basis is sitting,” Check explained in an exclusive interview with Cryptox.  To calculate Bitcoin’s average cost basis – the average price at which BTC was bought – Check and his team removed the coins that are lost forever from the calculation and focused on active Bitcoin investors.  “It’s where the mean…

Bitcoin analyst issues warning, dip below $24k could be inevitable

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied In light of a modest 3% decline within the last 24 hours, cryptocurrency trader and analyst Ali Martinez has taken to Twitter to explain his belief that bitcoin’s price will likely continue its downward trend.  Martinez notes that the leading cryptocurrency appears to be losing support from crucial levels, increasing the probability of a significant price correction. There is a significant demand barrier between $23,200 and $24,000, where 340,000 BTC was purchased by 850,000 investors, totaling…

Bitcoin is about to explode, analyst suggests

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied A recent video by the macrocycle analysis channel, The Chart Guys, hosted by crypto Youtuber Jason Pizzino, offered an extensive examination of historical cycles in stocks, real estate, and bitcoin (BTC). The analyst provided intriguing insights into possible market trends in six to twelve months. The video explored the influence of bitcoin on the global economy, pondering whether it is driving market shifts or the other way around. The role of timing in the global market…

Analyst urges investment in bitcoin and treasuries, warns of US bank risks

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied In his latest interview on Stansberry Research with Daniela Cambone, Macro Guru Hugh Hendry, expanded his views on the U.S. banking system amid the uncertainty surrounding the financial sector. Specifically, he urged people to consider bitcoin (BTC) as part of their investment. US bank could restrict cash withdrawals In the interview, Hendry pointed out that the Federal Reserve’s (Fed) tight monetary policy has increased the probability of customers being restricted whenever they want to make withdrawals. In…

Bitcoin price risk? US debt deal to trigger $1T liquidity crunch, analyst warns

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Bitcoin (BTC) stares at potential losses heading into the third-quarter of 2023 after U.S. lawmakers will likely reach an agreement on raising the debt ceiling. A $1 trillion liquidity hole ahead Raising the debt ceiling means the U.S. Treasury could issue new bonds to raise cash to meet its previous obligations. As a result, the cash pile at the Treasury General Account could increase from $95 billion in May to $550 billion by June and to $600 billion in the three months afterward, according to the department’s recent estimates. U.S.…

Inflation in China Down to Lowest Number in More Than Two Years; Analyst Proposes Giving Cash Handouts to Avoid Deflation – Economics Bitcoin News

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Inflation in China registered an increase of 0.1% year-over-year in April, according to numbers from the National Bureau of Statistics of the country, falling below expectations. Some analysts are already warning about the dangers of deflation, even calling on the Chinese government to deliver cash handouts in order to push consumer demand. Low Inflation Numbers in China Worry Analysts China, one of the biggest economies in the world, has registered its lowest inflation numbers in more than two years, according to data coming from the National Bureau of Statistics (NBS).…

Investment Analyst Warns Successful BRICS Currency Could Hurt US Living Standards – Bitcoin News

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Investment analyst Jon Wolfenbarger has warned that a successful BRICS currency could hurt U.S. living standards and “lead to less power for the U.S. government, similar to the weakening of the UK after World War II.” He stressed: “Due to the Russia-Ukraine war and China’s continued economic growth, the BRICS are accelerating plans to take power from the U.S.” Impact of BRICS Currency on US Dollar and American Living Standards Investment analyst Jon Wolfenbarger, CFA, published a blog post titled “Will a New BRICS Currency Change Anything? Maybe” on Mises…