Tag: Analyst

Bitcoin $30K bets greet FOMC as analyst warns over long liquidations

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Bitcoin (BTC) may “take out shorts” to crack $30,000 during the day’s key United States macroeconomic policy updates, analysis says. As bets pile up over how BTC price will react to the Federal Reserve’s decision on interest rates, $30,000 is in sight — but a drop to below $20,000 is not off the table. Trader plans $30,000 profit-taking Bitcoin is hours away from what popular trader Crypto Tony calls “one of the most anticipated” Fed meetings ever. The Federal Open Market Committee (FOMC) will decide on how to tweak baseline…

Analyst Says Crypto Could Hit $100,000 with Bump & Run Reversal Price Pattern

Some analysts recently weighed in on Bitcoin price prediction as the prominent token appears set to embark on another rally.  Bitcoin (BTC) price prediction sees some analysts argue that the leading digital currency could hit $100,000. As it stands, BTC has found support at the $24,000 threshold after climbing from under $20K over the past few weeks. Amid talks of a bullish rally, Capriole chief executive Charles Edwards argues that the popular crypto is on a “bump & run reversal.” According to Edwards, this pattern demands substantial upside and could…

Bitcoin to $100K next? Analyst eyes ‘textbook perfect’ BTC price move

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Bitcoin (BTC) is setting up a classic trading move, which could see it hit a giant $100,000, one analyst says. In a tweet on March 14, Charles Edwards, founder and CEO of investment firm Capriole, called BTC price action in 2023 a “bump & run reversal.” Edwards on BTC price: The “bottom is back” Having passed $26,000 to hit new nine-month highs this week, BTC/USD is in the midst of a recovery rarely seen before. Despite cooling under $25,000 at the time of writing, longer timeframes are already getting analysts…

Bitcoin hits $23.7K as BTC price analyst call SVB dip ‘bear trap’

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Bitcoin (BTC) hit its highest since the start of the month on March 13 as U.S. bank stocks saw the largest mass halt in history. BTC/USD 1-day candle chart (Bitstamp). Source: TradingView BTC price sees “phenomenal” rebound Data from Cointelegraph Markets Pro and TradingView tracked a thoroughly bullish hourly candle for BTC/USD, which reached $23,725 on Bitstamp. The move was eagerly anticipated by market participants, many of whom had warned of extreme volatility at the Wall Street open. 45min into US open, and banks getting halted left, right and centre. By…

ESG Analyst Daniel Batten Reveals Dynamic Charts Showing Bitcoin’s 52.6% Sustainable Energy Use – Bitcoin News

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Environmental, social, and governance (ESG) analyst Daniel Batten said Tuesday that the computational backbone of the Bitcoin network now uses 52.6% sustainable energy. Batten and onchain analyst Willy Woo created Dynamic Bitcoin ESG Charts to showcase the protocol’s progress. Contrary to Cambridge University Data, Analyst Says Bitcoin Mining Uses 52.6% Sustainable Energy These days, there is significant debate regarding the environmental impact of Bitcoin mining. On March 7, 2023, ESG analyst Daniel Batten tweeted about new ESG charts he helped design with Willy Woo that show Bitcoin’s progress toward using…

Shares of Grayscale Bitcoin Trust Form Bullish Chart Pattern: Technical Analyst

“If judges turn more favorable, then there is the chance that GBTC Trust shares can be converted into an ETF. In that case, the discount in GBTC shares relative to the fund’s net asset value could be quickly arbitraged away, and that’s why GBTC shares are rallying now,” Markus Thielen, head of research and strategy at crypto services provider Matrixport, noting the bullish pattern on the technical chart. Source

Ethereum could fall by 90% from its ATH, analyst says

Ethereum (ETH) may not have reached the bottom of its bear market yet. Nicholas Merten, the DataDash channel host, said that after the upgrade, the price of ETH might fall by more than 90% from its all-time high. According to the data analytics website Coinglass, on March 2, long bets in the cryptocurrency futures market were closed off, totaling more than $210 million, reaching its highest point in the last thirty days. “The ethereum to US dollar exchange rate still has a ways to go in the long run. We…

Bloomberg analyst says it is time to short crypto

According to Mike McGlone, a senior commodities strategist at Bloomberg Intelligence, it may be premature to declare the bear market for cryptocurrencies over. In a recent report, McGlone argues that digital currencies, including bitcoin (BTC), will continue to face significant challenges due to the Federal Reserve’s ongoing policy of increasing interest rates. He believes this policy will act as a “headwind” for most risky assets, including cryptocurrencies, and that investors may need to take out insurance to protect their portfolios. Not an optimistic take on crypto The analyst suggests that…

Analyst says 70% of bitcoin positions are profitable

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YouTube crypto analyst and stock-to-flow model creator PlanB said 70% of all bitcoin (BTC) is profitable. According to PlanB, bitcoin’s profit percentage jumped from 50% to 72% in early 2023, and the signal has persisted. Investors sold 5.5 million bitcoins In a detailed video on his YouTube channel, the analyst claimed many investors who bought BTC in 2021 at sky-high prices are mostly gone from the market. According to him, the 2021 batch of investors sold more than 5.5 million coins to new buyers for less than $20,000, mostly during…

Silvergate Loses a Bull as KBW Analyst Downgrades on Limited Visibility

However, the downgrade doesn’t mean the analyst is giving up completely on the stock. “As SI’s shares have fallen, we have defended the bank’s management, operating platform, role within FTX’s platform, and strength of their balance sheet. We still feel validated on these positions,” Perito wrote. However, the volatility in crypto industry in the wake of FTX bankruptcy “made utilizing fundamental valuation models challenging” for the next twelve-months for the stock, he noted. Source