Tag: Price

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…

Industry Leader Shares Why Ethereum Price Will Reach $12,000

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Industry leader Tom Lee has shared how the Ethereum price could reach $12,000 within the next few months. He based his prediction on the Bitcoin price action and how ETH could match the flagship crypto on a potential run to the upside.  Tom Lee Explains How The Ethereum Price Could Rally To $12,000 Speaking at the Binance Blockchain Week, Tom Lee predicted that the Ethereum price could reach $12,000 as Bitcoin rallies to $250,000 within the next few months. He explained that ETH can reach the $12,000 target if the…

Bitcoin Price Falls Below $90,000 — Is The Recovery Over?

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The Bitcoin price has had a mixed performance over the past week, with both sides of the market divide struggling to establish dominance. In the latest battle between the bulls and bears, the premier cryptocurrency appears to be succumbing to pressure from the latter group. As this weekend approached, the Bitcoin price retreated from its latest local high of around $94,000 to beneath the psychological $90,000 level. This latest correction has prompted questions in the crowd, with investors wondering whether it is just a brief obstacle or the end of…

Bernstein Forecasts Coinbase (COIN) To Surge 90%, Setting $510 Price Target

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Coinbase (COIN), the largest cryptocurrency exchange in the US, has experienced a significant decline in its stock valuation, dropping nearly 40% from its peak of $444 in July to its current trading level of around $271 per share. This, amid market fluctuations and heightened volatility in the broader crypto market, impacting the exchange’s stock performance. Bernstein Forecasts New Bullish Phase For Coinbase Despite these challenges, analysts at Bernstein hold an optimistic outlook on Coinbase’s stock price, suggesting a potential new bullish phase that could propel COIN to surpass previous all-time…

Bitcoin Price Slides Below $90,000 – A Retest Of The Lows Near?

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Bitcoin (BTC) is retesting a crucial support area after its price slid 5% from the recent highs and fell below the $90,000 barrier. Some analysts have suggested that the cryptocurrency’s structure remains intact, but warned that it must bounce quickly or risk retesting the November lows. Related Reading Bitcoin Retests $88,000 After Rejection On Friday, Bitcoin lost the recently reclaimed $90,000 level, falling to a key support area before stabilizing. The flagship crypto has been attempting to recover from the November market correction, which sent its price to a seven-month…

Bitcoin Price Faces Potential 60% Decline As Expert Warns Of ‘Major Bull Trap’

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Despite the Bitcoin price recovery above the crucial $90,000 threshold—a level that has historically served as a supportive floor for the cryptocurrency—the market is exhibiting signs that a further correction may be imminent.  Bitcoin Price Recovery At Risk? Market expert Rekt Fencer recently shared insights on social media platform X, formerly known as Twitter, suggesting that the Bitcoin price might be forming what he calls a “massive bull trap.”  This term refers to a deceptive bullish signal in which the price briefly surpasses a resistance level, in this case, the…

$100K BTC Price Depends On Fed Policy Pivot, AI Debt Bubble

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Key takeaways: The Federal Reserve’s move away from quantitative tightening and rate cuts creates liquidity, making fixed-income assets less attractive. Surging tech credit risks, as evidenced by high Oracle debt protection costs, prompt investors to seek alternative, scarcer assets like Bitcoin. Bitcoin (BTC) fell 4% on Friday to a low of $88,140, extending its decline to 19% since November. Meanwhile, the S&P 500 is now less than 1% from its all-time high. This sharp divergence may soon close with a strong upside move for Bitcoin, fueled by a major shift…

Zcash Price Regains Footing Above $375 as Founder Responds to Michael Saylor’s Criticism

Key Notes Ben-Sasson defended Zcash’s privacy features while emphasizing regulatory compliance can coexist with shielded transactions. Open interest climbed 6% as traders added bullish leverage positions, with the long/short ratio flipping above 1.0. A bullish pennant pattern suggests potential breakout toward $730 if ZEC maintains support above the $272-$305 range. Zcash ZEC $373.0 24h volatility: 2.7% Market cap: $6.13 B Vol. 24h: $1.28 B regained footing above the $375 level on Dec. 5 after a heated public exchange between Zcash founder Eli Ben-Sasson and Bitcoin advocate Michael Saylor reignited market…

Bitcoin price eyes $78k, confirms rejection from key pivot

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Bitcoin price confirmed a firm rejection from the key $94,000 pivot, shifting momentum and increasing the probability of a move toward the next support at $78,000. Summary Rejection at $94,000 confirms the channel high as strong resistance. Market structure shows another lower high, signaling continued bearish control. Next major downside target sits at $78,000 to $78,430, aligned with high-time-frame support. Bitcoin (BTC) is entering a deeper corrective phase after failing to break above the critical $94,000 resistance zone throughout the week. Several attempts to reclaim this level resulted in immediate…