Tag: Analyst

Top Crypto Analyst Updates Outlook on Bitcoin (BTC) and Ethereum (ETH), Issues Warning on Exchange Coin

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A widely followed crypto trader says Bitcoin (BTC) is showing signs of upward continuation after Ethereum’s (ETH) highly-anticipated upgrade. Crypto analyst Michaël van de Poppe tells his 653,200 Twitter followers that the crypto markets are in slow continuation after ETH initially dipped yesterday on the launch of the Shanghai upgrade. “Waking up after a massive crash on ETH after the Shanghai upgrade, it feels different. However, Bitcoin at $30,000 is a good sign. Slow continuation.” With ETH’s price dip yesterday being minimum and ETH currently up 4.07% in the last 24 hours,…

Market Analyst Heralds the Collapse of ‘Everything,’ Calls for Hedging in Gold and Silver Before There Isn’t Any Left – Economics Bitcoin News

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Egon von Greyerz, market analyst and founder of Matterhorn Asset Management, is predicting the collapse of the central bank system in the next few years due to an increasing issuance of currency and debt. Von Greyerz states that in the face of an economy with no buyers, the only hedge will be tangible assets, including gold and silver. The Collapse of ‘Everything’ Egon von Greyerz, the founder of Matterhorn Asset Management, has recently expressed his worries about the situation of the central banking system in an article titled “The Everything…

Bitcoin is untouchable, analyst McGlone says

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According to senior commodities analyst Michael McGlone, bitcoin (BTC) is untouchable because it is more decentralized than other cryptocurrencies, such as ether (ETH). According to the Bloomberg senior commodities analyst, bitcoin is “untouchable” despite the continuous regulatory challenges in the cryptocurrency industry, and those who don’t have any exposure to the cryptocurrency market are “really foolish.” During a webcast on April 3 with crypto podcaster Scott Melker, McGlone stated that, unlike other cryptocurrencies such as ether, bitcoin could not be extinguished by authorities because it is more decentralized than other cryptocurrencies. US…

Bitcoin ‘untouchable’ amid regulatory pressures, says analyst

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Bitcoin (BTC) is “untouchable” despite ongoing regulatory pressures in the crypto sector and those who don’t have some crypto exposure are “seriously silly” according to Bloomberg’s senior commodity strategist Mike McGlone.  During an April 3 stream with crypto podcaster Scott Melker, McGlone argued that unlike other cryptocurrencies such as Ether (ETH), Bitcoin couldn’t be killed by regulators because it’s more decentralized. Can #Bitcoin replace the banks? And can it remain uncorrelated if markets crash again? Discussing with weekly guests @mikemcglone11 and @daveweisberger1. It’s Macro Monday at 9:30 am EST. https://t.co/WDVCbkkWyU…

Analyst Predicts Gold Prices Might Exceed $8,000 in the Next Decade as Central Banks Lose Confidence in Foreign Currency – Economics Bitcoin News

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Jan Nieuwenhuijs, a gold market analyst, has predicted that gold might exceed prices of $8,000 during the next decade, as the current Ukraine-Russia war, and the worldwide battle against inflation, shift the preference of central banks for foreign currencies to gold. The proposed long-term price model shows that each troy ounce of the metal might touch the $10,000 mark. Analyst Makes Case for $8,000 Gold Prices Jan Nieuwenhuijs, a gold market researcher, has predicted that the price of gold might exceed $8,000 during the next decade, as central banks shift…

Bitcoin is 1 week away from ‘confirming’ new bull market — analyst

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Bitcoin (BTC) has a matter of days to go before beginning a new macro uptrend, the latest analysis says. In his latest Twitter activity, popular trader and analyst Rekt Capital flagged a key monthly close in the making for BTC/USD. BTC price action closely mimics past cycles Despite facing problems flipping $28,000 to support, BTC price action is firmly on the way to abandoning its bear market. That is according to Rekt Capital, who on March 26 presented an optimistic picture of how BTC/USD would likely finish the month. The…

Crypto liquidity levels are low, analyst says

A market analyst, Conor Ryder, CFA, recently explored the liquidity state of the crypto markets. Parameters like market depth, spreads, slippage, and volumes helped expose the liquidity problem.  Post-FTX-implosion liquidity gap not resolved Under market depth, the analyst realized that BTC pairs are currently at the lowest level of liquidity associated with BTC pairs in 10 months, more down than moments after FTXs collapse. BTC market depth | Source: Kaiko Ryder notes that the crypto market has not filled the post-FTX and Alameda implosion liquidity gap. Yet, the recent problems…

Bitcoin likely to outperform all crypto assets following banking crisis, analyst explains

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The banking crisis could be the spark that will kick off the next crypto bull run, in which Bitcoin (BTC) is likely to outperform all other cryptos, according to Mike McGlone, the senior commodity strategist at Bloomberg Intelligence.  Following the collapse of major banks such as Silicon Valley Bank and Credit Suisse, confidence in traditional financial institutions is being shaken and Bitcoin is becoming more attractive as a “hedge against banking risk,” thinks McGlone.  According to McGlone, the United States Federal Reserve’s unwillingness to ease monetary policy despite the banking…

Bitcoin Currently Outperforms 97% of S&P 500 Companies and Gold in 2023, Analyst Expects Crypto Supercycle 

Mike McGlone anticipates a Bitcoin Supercycle due to the asset’s raving performance despite economic circumstances. Commodity strategist Mike McGlone believes that a Bitcoin (BTC) Supercycle is on the horizon amid the leading crypto’s 2023 price upswing. According to the Bloomberg Intelligence senior commodity strategist, BTC’s recent performance compared to gold proves his claim. The prominent digital currency has outperformed gold almost tenfold this year and appears set to continue rising. McGlone also added that Bitcoin is on course for “new highs” if past trends hold, with volatility more likely to recover compared…