Tag: Analyst

Crypto Analyst Says Bitcoin Price Could See Another 30% Rally

Bitcoin price has already had a good week. The digital asset already rallied to two-month highs above $23,000 and is still maintaining a good portion of its bullish momentum. Despite this already impressive growth over the last few weeks, a crypto analyst known on Twitter as Kaleo is not convinced that the best of the mini-bull run has passed. Crypto Analyst Says Another 30% Rally Is Possible Analyst @CryptoKaleo took to Twitter to share his thoughts on the current bull rally. According to him, the bitcoin rally might not be…

Bitcoin eyes $21.4K zone as analyst predicts BTC price will chase gold

Bitcoin (BTC) rose toward new multi-month highs on Jan. 20 as analysis predicted a new trading range above $18,000. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin price range “well defined” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD testing but preserving support at $21,000. The pair edged higher at the Wall Street open, in line with United States equities as the third trading week of an explosive January drew to an end. Despite misgivings over the rally’s fundamental strength, Bitcoin continued to avoid significant corrections, with exchange order…

Bitcoin Might Fall Below $20,000 Before Bull Rally Resumes, Analyst Says

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The last two weeks have been incredible for the price of bitcoin. The digital asset has been able to successfully make its way out of a depressing bear trend and reached two-month highs in the process. However, with the recent pullback, there may be a bit more pain for bitcoin investors before the upward rally continues. Analyst Justin Bennett Says Bitcoin Below $20,000 Is Possible In a new issue of his crypto trading newsletter, analyst Justin Bennett reveals some bearish tendencies of the market. He first points to the fact…

Bitcoin Price Spike May Push Rally To This Amount, Top Analyst Predicts

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The recent surge in the price of Bitcoin has revived hope in crypto assets. To this point, pseudonymous crypto analyst Cheds stated that a massive rally might not be far-fetched for BTC soon. The crypto market struggled with rising inflation rates and other negative factors in 2022. However, in 2023, BTC has picked up positive price momentum, with some investors believing the worst days are over. Ched’s prediction is bullish on the performance of BTC in the future. $BTC visual of this potential bull thesis on daily https://t.co/eUfkmAOx5N pic.twitter.com/UVOCTjctZl — Cheds…

BTC forming bottom akin to 2018 with one key difference: Bloomberg analyst

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Mike McGlone, Bloomberg’s senior commodity strategist believes Bitcoin (BTC) could be developing a  “bottom” in the same way it did prior to 2019’s bull run but said there is a major difference this time around. During a Jan. 16 interview with crypto podcaster Scott Melker, McGlone argued unlike in 2018 when financial institutions such as the Federal Reserve were easing interest rates, this time they’re still tightening along with “every central bank.” “Back then the Fed already started easing and we held the bottom and broke out higher and then…

Popular Crypto Analyst Goes Bullish On BTC And AVAX, Here’s What He Said

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Due to the Bitcoin (BTC) and crypto market uncertainty, predicting the following trend pattern for crypto assets is usually difficult. However, analysts have always released predictions for most crypto assets. While some projections turned out to be accurate, some still failed to happen as predicted. One analyst became popular for releasing an accurate prediction for Bitcoin’s 2018 bottom six months before the period. However, the pseudonymous analyst and trader, Smart Contracter, is suddenly bullish in his recent predictions. Analyst Scraps Bearish Stance On Bitcoin (BTC) Smart Contracter took to Twitter…

Bitcoin price rallies to $19K, but analyst says a $17.3K retest could happen next

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Bitcoin (BTC) price has gained 15% in the past 13 days, and during this timeframe, traders’ bearish bets in BTC futures were liquidated in excess of $530 million compared to bulls. After rallying to $19,000 on Jan. 12, Bitcoin reached its highest price since the FTX exchange collapse on Nov. 8. The move was largely fueled by the United States Consumer Price Index (CPI) expectation for December, which matched consensus at 6.5% year-over-year — highlighting that the inflationary pressure likely peaked at 9% in June. Furthermore, on Jan. 11, FTX…

A few tips from an analyst

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There is no excuse for not putting a few hours of research into how to properly custody your crypto, according to Glassnode lead on-chain analyst James Check. Joining the latest debate around self-custody, the analyst pushed back against the notion that managing private keys is too complicated and risky for the average crypto user.  “If you have gold in your vault, if you have cash in your wallet, it’s the same concept: You need to exercise a level of responsibility,” said Check in an interview with Cointelegraph. Check argued that while…

Why Bitcoin Will Come Out Ahead In A Recession, Analyst Says

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Bitcoin keeps moving with no clear direction in the first week of 2023. Following a rejection from a critical resistance zone, the cryptocurrency returned to its range and could be gearing up for a re-test of support.  In the meantime, altcoins are blooming, with many recording profits on high timeframes. As of this writing, Bitcoin (BTC) trades at $16,700 with sideways movement in the last 24 hours. In the previous seven days, BTC records similar price action.  BTC’s price moving sideways on the 4-hour chart. Source: BTCUSDT Tradingview BTC In…

‘Big move brewing’ for BTC price? Bitcoin may stay flat, hints analyst

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Bitcoin (BTC) traders are desperate for fresh BTC price volatility, but opinions are diverging on when it will come. BTC/USD is currently seeing some of the least volatile conditions in its history, price metrics show. Volatility far from guaranteed Since the FTX crisis, Bitcoin has settled into a historically narrow trading range which refuses to budge. Despite macro triggers, low-volume holiday trading and a yearly candle close, BTC price action has stuck rigidly to a zone focused on $17,000. This is the least volatile period in the history of the…