Tag: Analyst

Analyst Says The Patient Will Be Rewarded As Ethereum Price Retests 4-Year Resistance

boss

Despite what is akin to a bull market with the Bitcoin price hitting multiple new all-time highs, the Ethereum price continues to hit major resistances in its campaign for new highs. The most recent is the resistance push at the $3,800, which perfectly aligns with the 4-year resistance line that has kept the leading altcoin by market cap from hitting new all-time highs. However, as Ethereum once again gears up for a retest, this time could be the chart that signals the breakout. Ethereum On The Verge Of Breakout Crypto…

Bitcoin Rally Might Be Running on Fumes, Analyst Warns of August Turning Point

boss

Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more…

Analyst Reveals How BTC Will Reach $1,000,000

boss

A crypto analyst has issued a bold new forecast on the future trajectory of Bitcoin (BTC), claiming that the era of parabolic bull runs and painful bear markets is over. In its place, he envisions a slower, more institutionally driven path toward long-term growth. Looking ahead, the analyst believes that Bitcoin could reach $1,000,000 in the next decade.  Bitcoin Road To $1,000,000 Will Be Slow In an X social media post, Mitchell Askew, a crypto market expert and the Head of Research at Blockware, shared his long-term bullish outlook for…

Bitcoin’s Parabolic Glory Days May Be Over, Analyst Claims

boss

Bitcoin has climbed 250% since BlackRock’s IBIT launch. But those massive green candles—spikes traders chase—could become a thing of the past. According to Bloomberg analyst Eric Balchunas, the era of sudden jolts up or down may be ending. He says that spot ETFs and big companies piling in will smooth out those drawdowns. Spot ETF Approval Era Balchunas pointed out that IBIT just passed $100 billion in assets under management. Based on his view, that landmark tells you everything. Bitcoin traded between $116,000 and $120,000 after Galaxy Digital sold 80,000…

Bitcoin ETFs Mean No More Wild Price Swings — Analyst

boss

Bitcoin (BTC) will no longer experience “parabolic” price rallies or “devastating” bear markets, because BTC exchange-traded funds (ETFs) have permanently reduced volatility and altered market dynamics, according to Blockware BTC analyst Mitchell Askew. “BTC/USD looks like two entirely different assets before and after the ETF,” the analyst wrote on Friday. The chart he shared showed a sharp reduction in price volatility following the January 2024 launch of the Bitcoin ETF in the United States. The analyst said: “The days of parabolic bull markets and devastating bear markets are over. BTC…

Crypto Analyst Warns XRP Investors Amid Market Retrace

boss

Crypto analyst Steph has issued a warning to XRP investors regarding the current price action. He alluded to a multi-year resistance that the altcoin has struggled to break, noting that this should be the major focus as it eyes new highs.  XRP Needs to Break Above the $3.6 Resistance In an X post, Steph shared a video in which he analysed the XRP monthly chart, dating back to the 2020 bull run. He highlighted an upward-sloping trendline for the altcoin, which showed that the altcoin has faced rejection at around…

Is $1 Dogecoin ‚Inevitable‘? Analyst Cites Perfect Storm Of Factors

boss

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Dogecoin could be approaching a structural breakout that carries it to the long-discussed $1 threshold, according to crypto analyst Stephan Burns, who in a July 24 livestream described a “perfect storm” of monetary design, market structure…

Crypto’s Golden Rule Just Got Broken, According To Analyst

boss

Bitcoin’s old four-year rhythm has been upended, according to CryptoQuant CEO Ki Young Ju. He argued on Thursday that the crypto’s cycle is no longer in existence, driven out by big players stepping in. Related Reading His latest comments follow a public rethink after he called a market top just a few months ago and got it wrong. Institutional Buyers Rewrite Rules Based on reports, Bitcoin Spot ETFs and corporate treasuries are changing the game. In the first half of the year, treasury companies bought twice as much BTC as…

Bitcoin Rally Signal? Analyst Links Binance Spot Volume Surges To Price Upswings

boss

Bitcoin (BTC) may be on the cusp of another rally, as leading cryptocurrency exchange Binance saw its spot volume rise from around 40% on July 15 to as high as 60% on July 18. Historical data suggests that surges in Binance’s spot market share have frequently preceded upward movements in BTC’s price. Bitcoin Rally Imminent? Binance Data Suggests So According to a CryptoQuant Quicktake post by contributor Amr Taha, Binance’s spot volume market share surging to 58% on July 23, has further strengthened the premier cryptocurrency’s $117,000 support. Related Reading…

Bitcoin Approaches Structural Ceiling, Analyst Warns Of Power Law Resistance

boss

As Bitcoin continues its upward momentum, technical analysts are pointing to the long-observed Power Law resistance band. While market sentiment remains bullish, the proximity to this structural ceiling raises the possibility of increased volatility and consolidation. Analyst Highlights Technical Headwinds Facing Bitcoin Rally Despite recent bullish momentum, Bitcoin has yet to break through a key resistance level on the long-term power law chart. According to Alphractal’s post on X, these trendlines have historically mapped support and resistance with impressive precision, while effectively guiding BTC price movements over the years. Related…