Tag: Bullish

Fed’s lean toward September rate cut bullish for Bitcoin

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The likelihood of the U.S. Federal Reserve cutting rates in September looks bullish for Bitcoin and crypto investors, QCP Capital analysts wrote in an Aug. 1 report. On July 31, minutes from the Federal Open Market Committee meeting revealed that Fed chair Jerome Powell and other officials at the American apex bank decided to leave interest rates unchanged. Powell and the Fed maintained tighter monetary policies for another month, keeping rates between 5-5.5% as the regulator held out for more positive economic data. According to QCP Capital, the FOMC minutes…

Bitwise CIO On Bitcoin: ‘We’re Not Bullish Enough’

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Matt Hougan, Chief Investment Officer (CIO) of Bitwise, claims in a new memo to investors following the 2024 Bitcoin Conference that the market may not be bullish enough about the future of BTC. The conference was a watershed moment that attracted massive political attention and could influence the future trajectory of Bitcoin heavily. Why You Are Not Bullish Enough On Bitcoin The conference featured a number of groundbreaking statements from high-profile political figures. First and foremost, GOP’s presidential candidate Donald Trump’s statement about building a national Bitcoin reserve caused huge…

Be Bullish With Cardano and Mpeppe (MPEPE) and Receive Massive Gains

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Are you ready to ride the wave of the next big crypto boom? If so, then it’s time to pay attention to Cardano (ADA) and Mpeppe (MPEPE). These two tokens are not just making headlines; they are creating real opportunities for massive gains. Let’s dive into why now is the perfect time to be bullish on Cardano (ADA) and Mpeppe. The Cardano (ADA) Surge: ETF Hopes and Hardfork Anticipation Cardano (ADA) is currently priced at $0.411165 USD with a market cap of $14.76 billion USD. It has shown a modest…

Analyst Identifies Bullish Pattern That Can Send XRP Price To New Highs

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Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott’s dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott’s experience spans a number of industries outside of crypto including…

Altcoin season hopes rise as Bitcoin price forms a bullish pattern

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Crypto traders are bracing for the next altcoin season as Bitcoin forms an extremely bullish pattern on the weekly chart.  Bitcoin (BTC), the largest cryptocurrency by market cap, has formed a cup and handle chart pattern. This pattern is characterized by a rounded bottom forming the cup and either a consolidation or a pullback to form the handle. The upper part of this pattern was at $68,837, while the handle section has been forming since March this year. Importantly, it has formed a falling broadening wedge pattern in its handle…

Dogecoin Ready For $0.3? Analysts Bullish Price Breakout Attempt

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Over the weekend, Dogecoin (DOGE) soared 11% after the general market performance. The price surge led the dog-themed token to retest key resistance levels, which fueled a bullish prediction by crypto analysts. Investors also shared a positive sentiment following Elon Musk’s recent comments regarding cryptocurrencies and the largest memecoin by market capitalization. Related Reading Dogecoin Attempts To Break Above Key Level During the past week, market watchers have revealed their bullish predictions for the largest memecoin by market cap. Daan Crypto Trades revealed that DOGE was “showing some strength” after…

Solana Confirms Breakout With Bullish Pennant

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Solana continues to showcase a positive price movement as it outperforms the rest of the market. This recent surge in value allowed Solana to surpass Binance Coin (BNB) in market capitalization rankings last week, marking a significant milestone for the digital asset. Related Reading Delving deeper into its performance, technical analysis suggests that Solana’s bullish trend is likely to persist into the coming week. Indicators point to sustained momentum, which could see its price continue to climb. Captain Faibik stands out with a particularly bold prediction. The crypto analyst forecasted…

Shiba Inu, XRP Forming Bullish Divergence, Analytics Firm Reveals

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The on-chain analytics firm Santiment has revealed how Shiba Inu and XRP are among altcoins that are seeing a bullish divergence on the MVRV Z-Score. MVRV Z-Score Says XRP And Shiba Inu Traders Are Seeing Losses Currently In a new post on X, Santiment has discussed how the various top coins in the cryptocurrency sector look on the MVRV Z-Score. The “Market Value to Realized Value (MVRV) ratio” is a popular indicator that, in short, measures the deviation between the total value held by the investors of an asset (that…

Bitcoin Supply Drop Signals Bullish Price Movement, Analyst Says

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After its latest halving event, Bitcoin sent a positive signal throughout the crypto market. Historically, this big drop in supply has been connected to notable price gains, which has inspired investor hope. Related Reading The halving, which cut the rate at which new Bitcoins were made, has actually slowed the flow of new Bitcoins into the market. This sudden drop in supply, along with growing interest from institutions and wider use, is likely to push Bitcoin prices up. Many investors are attentively observing these dynamics and expect a similar trend…

Solana Hits $170, Bullish Channel Formation Indicates Possible Rally

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The cryptocurrency market has witnessed significant fluctuation, with Solana (SOL) experiencing a notable retracement to $170.27, creating a bullish channel in the process. This recent market behavior happens after a period of a potential rally that has previously pushed the price of SOL above the $170.27 level.  As the price of this digital asset continues to trend within the channel, the question remains whether bulls will regain control and push the price above the bullish channel or will the bears maintain their dominance and drive the price below it. In…