Tag: Analyst

Bitcoin Volume Shelf Indicates Possible Launch To $131,000 – Analyst

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Following the steep corrections seen in late July, the Bitcoin market made a modest recovery in the past week, rising by 2.73% according to data from CoinMarketCap. However, another rejection amidst this price resurgence forces the premier cryptocurrency to now trade within the $116,000 price region. While the crypto market awaits the token’s next move, cumulative trading activity signals potential for a major price surge to a new all-time high. Golden Ratio In Sight: Bitcoin Targets $131K After Volume Shelf Hold In an X post on August 8, popular financial…

Analyst Outlines How Production Cost Determines XRP Price, But Is It Better Than Bitcoin?

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A fresh debate in the crypto space has emerged over whether the cost of production significantly impacts the XRP price and the value of Bitcoin (BTC). Market expert CrediBULL Crypto has outlined how these costs influence XRP’s value compared to Bitcoin, concluding that both cryptocurrencies follow the same pricing formula.  XRP Price Formula Mirrors That Of Bitcoin A recent discourse on X social media has reignited discussions on whether production costs play a decisive role in determining the prices of cryptocurrencies. CrediBULL Crypto weighed in, explaining that both Bitcoin and…

Dogecoin Targets $1.60 As Historic Fractal Repeats: Analyst

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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. A fresh chart shared on X by the pseudonymous technician Charting Guy is stoking renewed bullish chatter around Dogecoin, suggesting that the meme-coin best known for its social-media cult could be setting up for a run…

Dogecoin Is Right Where Past Bull Runs Have Taken Off: Analyst

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Keshav is currently a senior writer at NewsBTC and has been attached to the website since June 14, 2021. Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to. In terms of official educational qualifications, Keshav holds a bachelor’s degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started…

Analyst See $0.90–$1.50 Dogecoin Top—But Not Anytime Soon

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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 has now entered the longest period below its all-time high in its history—over 1,550 days and counting—with crypto analyst VisionPulsed warning that while a breakout may eventually come, the asset remains locked in what he…

Analyst Argues For Higher Valuation Despite Poor Earnings

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Shares of Galaxy Digital faced a significant decline on Tuesday following the release of disappointing quarterly earnings and revenue figures. The crypto-investment and data-center company reported earnings per share of $0.8 for the second quarter, falling short of Wall Street’s consensus estimate of $0.18. Galaxy Digital Shares Plunge 10% Revenue for the period totaled $9.1 billion, markedly below analysts’ expectations of $13.9 billion. Consequently, Galaxy’s stock, GLXY, plummeted by 10%, settling at $27.68. According to Barron’s, the downturn can be attributed to a broader trend affecting the cryptocurrency sector, where…

Bitcoin Analyst Warns of Potential BTC Short Squeeze in Liquidity Hunt

Key Notes Technical analysis identifies two major liquidation zones at $116,800 and $119,000 that could serve as price magnets for Bitcoin’s next move. The cryptocurrency successfully tested the 50-day exponential moving average support level, establishing a foundation for potential upward momentum. Bitcoin’s correlation with the S&P 500 remains strong, making both assets sensitive to macroeconomic developments and recession concerns. Bitcoin BTC $115 477 24h volatility: 1.6% Market cap: $2.30 T Vol. 24h: $32.75 B price has once again experienced high volatility events in a short period of time, flirting with…

Bitcoin Price Crash To $100,000 Or Rally To $122,000? Analyst Shows Game Plan For BTC

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Crypto analyst Mark Cullen has laid out the game plan for the Bitcoin price amid the flagship crypto’s choppy price action. Based on his analysis, BTC could either crash to $100,000 or rally to $122,000, close to its current all-time high (ATH) of $123,000.  The Game Plan For The Bitcoin Price In an X post, Mark Cullen shared what he described as the ‘Bitcoin game plan.’ He noted that BTC is filling out the inefficient area between the two previous weekly ranges. The analyst further remarked that the next move…

XRP Price Tanks Below $3, Analyst Sees More Pain Coming

Key Notes XRP dropped below $3, wiping over $5 billion in market cap. Analyst sees key support forming near $2.40. Whale selloff and MVRV death cross raised red flags. XRP XRP $2.95 24h volatility: 2.9% Market cap: $174.81 B Vol. 24h: $5.04 B price has recently dropped below its key psychological support of $3, falling to $2.96 at press time. The cryptocurrency has seen a $5 billion loss in market capitalization within 24 hours, with a 2.5% price drop, driven largely by high-volume selloffs. However, analysts suggest that XRP might…

Solana Preparing For ‘Real Move’? Analyst Forecasts ATH In Q3

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As Solana (SOL) attempts to reclaim a crucial level, a market watcher forecasted a massive rally for this quarter. However, some analysts suggested that the cryptocurrency will retest the range lows soon. Related Reading Solana Nears Crucial Level On Tuesday, Solana surged 9.6% from the recent lows, driven by the start of Solana Mobile’s global shipments of the Seeker, its second-generation Web3 smartphone, to over 50 countries. The news propelled the altcoin to a multi-day high of $171, fueling bullish sentiment among investors before its price retraced to the mid-zone…