Tag: Analyst

Top Analyst Says Ethereum (ETH) About To Rip, Calls One Exchange Token an ‘Actual Tank’

boss

A popular crypto strategist says that a breakout rally is in sight for leading smart contract platform Ethereum (ETH). The crypto analyst known in the industry as Kaleo tells his 531,000 Twitter followers that Ethereum has broken out of its diagonal resistance against Bitcoin (ETH/BTC), and the pair looks primed for a new leg up. “ETH/BTC looks ready to finally rip higher… This is bullish.” Source: Kaleo/Twitter At time of writing, the ETH/BTC pair is trading for 0.073 BTC ($1,675). Kaleo is also bullish on BNB, the utility token of…

Bitcoin and Ethereum”Incredibly Oversold” States Bloomberg Analyst: Forbes

boss

TLDR: Bloomberg Intelligence senior commodity strategist Mike McGlone stated that Bitcoin trades at a substantial discount. McGlone highlights several observations when making his case, such as technical analysis focusing on key indicators such as the 100-week moving average. McGlone stressed the Federal Reserve’s critical role in the price of equities and cryptocurrencies. Bitcoin is currently trading at $23,203.64, according to CoinGecko, a %66.4 drop from its all-time high. According to McGlone, a senior commodity strategist at Bloomberg Intelligence, Bitcoin and other cryptocurrencies are trading at a significant discount. Currently trading…

Macro Analyst Lyn Alden Says Bitcoin (BTC) on Track to Becoming a Medium of Exchange – Here’s Why

boss

Macro strategist Lyn Alden believes that it’s only a matter of time before the volatility of Bitcoin (BTC) falls thereby enabling it to be a practical medium of exchange. Alden says in a What Bitcoin Did podcast that currently, however, the flagship crypto asset fails as an “ideal medium of exchange.” “In the really early phases, unless you specifically need censorship resistance or unless you’re in an unbanked environment, for a lot of people in developed countries Bitcoin is not the ideal medium of exchange. Unless they are de-platformed or…

Date: 3/6/2022. GasLeeSun.com Presents: Day Chart Analysis About Cryptocurrency Shiba Inu 🐶 [SHIB]

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Trade Shiba [SHIB] Below: [ Referral code: 8d1k747ak7 ] or ________________________ Coin Info: ________________________ Follow My Website @ Lets Discuss Shiba Inu on telegram @ #GasLeeSun #Gas #Lee #Sun #Chart #Analyst #Shiba #Inu #SHIB #Breakout _________________________ FREE Of Charge, POWER LINKS I WOULD RECOMMEND 😀 Listed Below🦄 Cash.App – CoinBase- Crypto dot com- [ Referral code: 8d1k747ak7 ] Binance- Robinhood- Webull- Chime- Nexo- BTC Altcoin Exchange- Crypto Market News- Forex Trading- Watch Live Tv (PPV) Now- 🥳__________________🚀 Send gift of Bitcoin (BTC):…

Bitcoin Could Gain Another 18% After Breaking $24k – BTC Analyst.

boss

Summary: Bitcoin has broken above the 50-day moving average with its push above $24k. BTC could rally another 18% before reaching the next level of significant resistance, around $28k. Capitulation by Bitcoin investors and miners could also be slowing down. Bitcoin has had an eventful first few days of the week, having punched through the $22k resistance level early Monday and breaking the $24k resistance level today to post a local high of $24,276. Bitcoin Could Gain Another 18% After Breaking $24k. Bitcoin’s impressive price movement despite record-breaking inflation around…

Crypto Analyst Predicts Ethereum Challenger Solana Rips Hard, Says One Exchange Token Looks ‘Juicy’

boss

A popular analyst says that Ethereum challenger Solana (SOL) appears primed to sustain its bullish ascent as one exchange token trades in an area that offers a favorable risk to reward ratio.  The pseudonymous trader known as Cantering Clark tells his 140,300 Twitter followers that the right market conditions could help Solana put together a sizable rally after SOL took out both its diagonal and horizontal resistances.  “If the market sustains this push by ETH, SOL rips much higher. Bunch of open interest and risk tagged on on the way…

Despite ‘worst bear market ever,’ Bitcoin has become more resilient, Glassnode analyst says

boss

While the current bear market may be the worst on record, on-chain metrics signal that the Bitcoin (BTC) network is becoming increasingly resilient, said Glassnode analyst James Check during a recent interview with Cointelegraph.  In particular, Check refers to the amount of Bitcoin holders who don’t sell even in extreme market conditions, which has become much higher than in previous bear markets.  “Cycle after cycle, that floor of hodlers is higher, the amount of activity is higher,” Check said. Check also points out that shrimps, the entities who hold less…

Bitcoin Will Rebound In 2nd Half Of 2022, Says Bloomberg Analyst

boss

Mike McGlone, a senior commodity analyst at Bloomberg, predicts a rise in the price of Bitcoin in the second half of 2022. This suggests that the price of BTC may be preparing for a positive comeback this year. Compared to more well-known asset types, bitcoin prices are significantly harder to forecast and more sensitive to market forces because of the uncertainty and recent price decline.  Related Reading | U.S. Federal Panel Claims Cryptocurrencies Can Boost The Economy, Will It Result In Bullish Trend? In 2021, the price of bitcoin doubled, but…

Bloomberg analyst tips bullish BTC recovery in next six months

boss

Bloomberg’s senior commodity strategist Mike McGlone is tipping that the price of Bitcoin (BTC) will rebound in the second half (2H) of 2022. Sharing his thoughts to his 48,100 Twitter followers on July 6, McGlone saw positive signs in the data Bloomberg’s Galaxy Crypto Index (BGCI) and the 50-week and 100-week moving averages of BTC’s price. He suggested that the current indicators are showing similar signs to the bottom of the bear market in 2018, which preceded a strong rebound in the first half of 2019. “With the Bloomberg Galaxy…

Euro Drops to 20-Year Low Against the US Dollar, Tapping $1.028 per Unit — Analyst Says Parity Is Imminent – Economics Bitcoin News

boss

The euro has had a sluggish start to the second half of 2022 as the fiat currency slid to a 20-year low against the U.S. dollar. The drop adds to the fear that the global economy is in a recession and analysts believe that the risk of “parity is just a matter of time now.” Euro Nears Parity With US Dollar Policymakers at the European Central Bank (ECB) have been dealing with record inflation levels but have been much slower than the U.S. in terms of raising the benchmark interest…