Citi’s bullish Coinbase target: ‘Buy crypto’s general store’

Financial services multinational Citi initiated coverage of U.S. crypto exchange Coinbase’s stock this week with a very bullish price target. Citi analyst Peter Christiansen told investors that they could “buy crypto’s general store,” in a research note published on Tuesday, Oct. 26. Citi has given COIN a bullish price target of $415 which is substantially higher than Monday’s closing price of $319. The analyst stated that the stock offers investors “direct exposure to increased retail and institutional adoption of cryptocurrencies.” The multinational banking giant sees the potential in Coinbase as…

Ethereum eyes rally against Bitcoin, with ETH price showing hidden bullish divergence

Ethereum’s native token, Ether (ETH), has been declining against its top crypto rival, Bitcoin (BTC), since Sept. 3. Ether dropped in value against Bitcoin by almost 25% after topping out in September at 0.07955 BTC. As the top altcoin declined, it left behind a trail of lower highs and lower lows, thus forming an ascending channel. Later, ETH/BTC broke the channel to the upside on Saturday, raising anticipations about a strong extended recovery trend. But a selloff on Sunday and the ongoing session had traders test the channel’s resistance trendline…

Is excessive bullish optimism behind Bitcoin’s drop below $60K?

Bitcoin (BTC) has a long history of forming local tops when events that are anticipated by the market occur. The recent Bitcoin exchange-traded fund (ETF) launch on Oct. 19 was no different and led to a 53% monthly rally to an all-time high at $67,000. Now that the price has briefly fallen below $60,000, investors are attempting to understand if the 10% correction was a healthy short-term profit taking or the end of the bull run. To determine this, traders need to analyze BTC’s previous price activity to evaluate the…

JPMorgan Sees ‘Bullish Outlook’ for Bitcoin as Inflation Concerns Push BTC Price Higher – Economics Bitcoin News

Global investment bank JPMorgan says inflation concerns are pushing the price of bitcoin to record highs, rather than interest in recently launched bitcoin futures exchange-traded funds (ETFs). Noting that investors are pulling out of gold ETFs into bitcoin funds, the firm noted, “The flow shift remains intact supporting a bullish outlook for bitcoin into year-end.” JPMorgan Sees Inflation Driving up the Price of Bitcoin JPMorgan Chase’s analysts, led by Nikolaos Panigirtzoglou, published a research note last week explaining that inflation has been driving up the price of bitcoin to all-time…

Bitcoin ‘still bullish’ even if BTC price drops to $50K — analysis

Bitcoin (BTC) can return to $50,000 and still not violate an overall “bullish thesis” after breaking all-time highs, fresh research argues. In its latest market update on Oct. 22, crypto trading platform Decentrader argued that after hitting and retracing from $67,000, there was no reason to be bearish on Bitcoin. “No significant evidence” for $50,000 retest After Bitcoin cracked an all-time high in place for six months, concerns grew as a correction took place that erased 10% of its gains in a single day. After two dips below $60,000, analysts…

These 10 Stocks With Digital Asset Exposure Have Bullish Charts, BofA Says

Bank of America (BofA) highlighted ten bullish charts for stocks with digital asset exposure, according to a research note today. The stocks are Advanced Micro Devices (AMD), American Express (AXP), Bunge (BG), Exelon (EXC), Facebook (FB), JB Hunt (JBHT), JPMorgan (JPM), SVB Financial (SIVB), Tesla (TSLA) and Workday (WDAY). Advanced Micro may have upside to $138 to $150, American Express upside $202 to $208, Exelon upside to $67-$72 and SVB Financial upside to $750 and $800, according to BofA technical research strategist Stephen Suttmeier. Bank of America earlier this week…

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The differences in trading in a bullish and bearish market, explained

An automated trading platform can help users identify and execute cryptocurrency trades with less manual effort.  It can be difficult for traders to find the time necessary to spend in front of graphs as they attempt to determine the right time to buy and sell. As a result, many have found that they have lost out on many opportunities since they weren’t on their computers at the right time. Automated trading can help cryptocurrency traders take advantage of as many of these opportunities as possible and addresses many of the…

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io BTC PRICE TODAY: IN THIS BITCOIN VIDEO I WILL EXPLAIN HOW TO MONITOR CRITICAL LEVELS IN THE CHART OF BTC. LEVELS IT MUST HOLD AND BREAK THROUGH IN ORDER TO CHANGE THE CURRENT/PREVIOUS TREND. BTC IS IN A UNIQUE POSITION TO EVENTUALLY CONTINUE THE TREND “IF” IT’S DESTINE TO REACH HIGHER LEVELS IN THE UPCOMING DAYS/WEEKS/MONTHS AHEAD. BUT PLEASE ADVISED THIS INSTRUMENT IS PERFECTLY CONFINED WITHIN THE CURRENT MACRO TREND. WE MUST WAIT FOR SIGNS OF A TREND REVERSAL IN ORDER TO…