Tag: Analyst

Bitcoin Briefly Breaks $92K: ‘A Good Start,’ Claims Analyst

Key Notes BTC jumps past $92K with a sharp rise in trading volume. Aggressive buying and liquidity bursts strengthen short-term momentum. The Fed meeting this week may add further fuel to BTC volatility. Bitcoin BTC $91 769 24h volatility: 2.8% Market cap: $1.83 T Vol. 24h: $44.90 B has started the week strongly with a 60% surge in its 24-hour trading volume. The leading cryptocurrency has crossed the key level of $92,000 and gained $50 billion in market cap over the past day. Analyst Michael van de Poppe noted on…

Altcoin Rally Alert: 4 Bullish Signals To Watch Out For – Analyst

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Prominent market analyst Michael Van de Poppe has shared four market conditions that would confirm an altcoin market rally. Meanwhile, the cryptocurrency market continues to experience a widespread correction, weighing down the price growth of several assets. Ethereum Outperforms Bitcoin: A Positive Sign For Altcoins? Ethereum has shown more resilience in the last month than Bitcoin, which is largely interpreted as a bullish signal for altcoin enthusiasts. In the last week alone, the prominent altcoin reported a slight market gain of 0.86% compared to Bitcoin’s loss of 1.95%. When Ethereum…

Bitcoin Cool Off is Normal, Claims Analyst: US to Push BTC Higher?

Key Notes Analysts say Bitcoin’s pullback is a normal cool-off after its +122% surge last year. US-driven selling pushed the Coinbase Premium negative before it quickly flipped back to positive. Falling prices paired with declining Open Interest show futures unwinding rather than real spot selling. Bitcoin (BTC) holds prices near $89,000 as analysts argue the current pullback remains within the boundaries of a healthy cycle correction rather than a full-blown crypto winter. Bloomberg ETF analyst Eric Balchunas said in a post on X that Bitcoin only gave up the excess…

Analyst Says Dogecoin Price Is Ready To Fly, Here’s Why

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Dogecoin has been bleeding lower in recent days, grinding back toward the mid-$0.13 band. Sellers have been in control of most candles in the past 24 hours, and each attempt at a rebound has faded quickly, leaving Dogecoin stuck near the bottom of a range. One crypto analyst on X has focused attention on an important technical level on the 2-day chart. Even though price action looks weak, Dogecoin is now sitting right on a long-term support zone inside a descending triangle pattern, and this area could become the launchpad…

Analyst Points To $82,000 As Most Crucial Bitcoin Price Level — Here’s Why

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In a not-so-surprising turn of events, the bearish orientation of the Bitcoin price has continued into the month of December, suggesting that the premier cryptocurrency could end the year in the red. Interestingly, recent on-chain data has offered insights into the likely direction of Bitcoin based on the integrity of an important price level. Active Market Participants’ Cost Basis At $82,000 In a December 5 post on the X platform, market analyst Burak Kesmeci shared an interesting outlook on the direction of the Bitcoin price.  The analyst disclosed that whatever…

This 11.7 Billion Dogecoin Wall Could Be Key Resistance For DOGE, Analyst Says

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An analyst has pointed out where a key resistance could be located for Dogecoin, based on on-chain supply distribution data. Dogecoin Has A Large Supply Cluster Present At $0.20 In a new post on X, analyst Ali Martinez has talked about where resistance lies for Dogecoin based on Glassnode’s Cost Basis Distribution (CBD). The CBD is an indicator that tells us about the amount of DOGE supply that was last acquired at the various price levels that the memecoin has visited in its history. Below is the chart shared by…

Analyst Pushes Back as New Tether Solvency Fears Resurface

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Concerns about stablecoin issuer Tether’s financial stability resurfaced this week after BitMEX founder Arthur Hayes warned the company could face serious trouble if the value of its reserve assets were to fall. But CoinShares’ head of research, James Butterfill, pushed back on those claims. In a Dec. 5 market update, Butterfill said fears over Tether’s solvency “look misplaced.” He pointed to Tether’s latest attestation, which reports $181 billion in reserves against roughly $174.45 billion in liabilities, leaving a surplus of nearly $6.8 billion. “Although stablecoin risks should never be dismissed…

Is The Bitcoin Bottom In? Top Analyst Assigns 91.5% Probability

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Crypto analyst Miles Deutscher has issued one of the most forceful bottom calls of this cycle, assigning a 91.5% probability that Bitcoin’s low is already in. In a X thread on December 4, he wrote: “F*ck it. I’m putting my neck on the line here. I’m 91.5% certain that the BTC bottom is in. And if it is, A LOT of people are about to be caught offside.” Is The Bitcoin Bottom In? Deutscher bases his conviction on four “pillars”: market reaction to news, the historical behaviour of FUD events,…

Analyst Compares Buying XRP Now To Buying NVIDIA Shares In 2000 At $0.35

A crypto market analyst has compared XRP to NVIDIA, an American technology company with one of the biggest tech success stories in history. The analyst implied that buying XRP today could mirror the opportunity investors had when purchasing NVIDIA shares in 2000 at just $0.35. The comparison emphasizes the long-term potential of the XRP price and highlights the importance of HODLing.  XRP Today Shows Growth Potential Like NVIDIA In 2000 A leading market expert, Egrag Crypto, has drawn a striking parallel between the current XRP price and the early days…

Solana Eyes $144 Resistance, Analyst Questions SOL’s Strength

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As the market rebounds, Solana (SOL) is retesting a crucial area that has served as resistance since the November pullbacks. Some market watchers suggest that a short-term rally is likely, while others have highlighted potential signs of weakness. Related Reading Solana Eyes $144 Resistance Solana is attempting to turn the $140 area into support while nearing a key local resistance for the third time in a month. The cryptocurrency has been trading between the $120-$144 levels since mid-November, struggling to hold the high zone of its local range amid the…