Tag: Analyst

Ethereum’s Ropsten ‘Merge’ Prompts Mixed Analyst Sentiment; Bitcoin Is Flat

Bitcoin was recently trading at about $30,000, roughly flat for the past 24 hours. Ether, the second-largest crypto by market cap, was changing hands just below the $1,800 level, about where it was perched a day ago and for the past few weeks. Other major altcoins were mixed with LTC off more than 3% at one point and ADA and CRO down about a percentage point. Among the winners, LINK continued its recent surge, rising over 6% at one point, while SOL was up more than 3%. Source

Bitcoin will finish 2022 ‘flat, possibly up’ says analyst as Saylor bets on $1M BTC

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Bitcoin (BTC) retains two of its best-known proponents but one has cooled his BTC price forecasts considerably. In an interview with CNBC on June 9, Tom Lee, co-founder of independent research firm Fundstrat, revealed he was unsure if BTC/USD would end the year above its starting price. Lee suggests market has “already bottomed” Bitcoin price projections for 2022 have plummeted as macro pressures combine with black swan events such as the Terra LUNA implosion to send sentiment to near record lows. While many argue that a capitulation event will enter…

BTC price approaches $32K as analyst warns of ‘boring’ summer for Bitcoin

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Bitcoin (BTC) retained new higher levels at the June 6 Wall Street open after BTC/USD snapped a nine-week losing streak. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Stocks could take BTC as high as $37,000 Data from Cointelegraph Markets Pro and TradingView followed the largest cryptocurrency as it circled $31,500 on the back of 6% daily gains. The start of Wall Street trading provided further support to bulls as United States equities headed higher. The S&P 500 traded up 1.4% at the time of writing, while the Nasdaq Composite gained close…

Market Rout Prompts Analyst to Slash Bitcoin Miners’ Price Targets by Average of 65%

Lewis kept his buy rating on all four mining stocks he covers – Riot Blockchain (RIOT), CleanSpark (CLSK), Core Scientific (CORZ) and Marathon Digital (MARA) – and remains optimistic about the longer-term outlook for the industry. “Not surprisingly, our BTC mining price targets are highly sensitive to our BTC price estimate; hence a near-term BTC price of ~$40K points to 30%-40% upside to our price targets, while a BTC price of $50K points to 90%-100% upside to our price targets,” he wrote. Source

Bitcoin bounces to $30.7K as analyst presents Stock-to-Flow BTC price model rehash

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Bitcoin (BTC) climbed to fresh local highs overnight into June 3 after United States equities cut losses. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Wall Street provides short-term relief Data from Cointelegraph Markets Pro and TradingView showed BTC/USD gaining steadily to hit $30,670 on Bitstamp before consolidating. The mood among stocks was more solid during the June 2 session, with the S&P 500 reclaiming the majority of its lost ground over the past month. The Nasdaq Composite Index ended up 2.7%. Analyzing the crypto market cap compared to the Nasdaq,…

Crypto Analyst Says Cardano, Avalanche and Two Others Have Potential

As the crypto market started recovering after Bitcoin experienced nine red weeks, some crypto projects have recorded incredible performance. That highlights their strength in a downtrend. Crypto analyst, Austin Arnold, expressed to his Youtube community what aspects they need to consider while choosing a project to invest in a bearish market. And identified four crypto assets could perform very well in the future. Related Reading | Cardano’s (ADA) Bulls Resurface, What Are The Next Target Levels? Austin, an expert crypto trader and co-host of Altcoin Daily, told his 1.23 million…

Bitcoin may hit $14K in 2022 but buying BTC now ‘as good as it gets:’ Analyst

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Bitcoin (BTC) faces a “cycle bottom” this year in which it could drop over 50% from current levels, research claims. In a Twitter thread on June 1, Venturefounder, a contributor at on-chain analytics platform CryptoQuant, forecasted 2022 as Bitcoin’s year to “capitulate.” Bitcoin now has “best 3-year ROI ever” Based on historical patterns involving Bitcoin’s halving cycles, this year should be the bearish black sheep of the current four-year cycle, Venturefounder wrote. Just like 2018 and its bear market, BTC/USD should find itself a macro floor at some point in 2022,…

Analyst Hints Huge Chances For Ethereum Killers To Surge, Sides With Solana And AVAX

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Two Ethereum killers are on the brink of price rallies; they include Avalanche (AVAX) and Solana (SOL). Pentoshi’s Stand On Solana And Avax Pentoshi, a pseudonymous crypto pundit and analyst, took to Twitter to say that he presumes Solana (SOL) is about to change momentum towards a bullish one. Related Reading | Negative Sentiment Deepens In Crypto, Why Recovery May Not Last The Solana crypto project traded at a crucial support level following the massive sell momentum last week. Currently, the SOL token is trading at $47.89, a 4% growth from…

Bitcoin Rapidly Declining to $22k or $20k Seems Probable, Says BTC Analyst

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Summary: Bitcoin could be gearing up for a rapid drop to $22k or $20k, where macro support lies. Bitcoin options data shows that traders are loading up on hedges in the event of another leg down. Bitcoin has been struggling to maintain its value above $30k. The weekly Bitcoin chart further points to more weakness that could lead to a meltdown to the 200-week moving average around the $22k price area. Bitcoin (BTC) could experience a rapid decline to $22k or $20k. This is according to an analysis shared by…

Coinbase Has ‘Structural Advantage’ Over Competitors, Cowen Analyst Says

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