Tag Archives: Analyst

Analyst: Despite 80% Drop Bitcoin Network is as Strong as Ever, Enduring Fundamentals

Analyst: Despite 80% Drop Bitcoin Network is as Strong as Ever, Enduring Fundamentals

Bitcoin (BTC) may be struggling price-wise, but an array of analysts claim that from a fundamental perspective, the cryptocurrency is stronger than ever. And while headlines have focused on impending institutional involvement, whether it be through Bakkt, Fidelity, ErisX, or otherwise, little attention has been drawn to Bitcoin’s network statistics. Interestingly, however, the latter set of fundamentals is where the meat is, so to speak. Bitcoin Mining Ecosystem Leading crypto trader Thrillmex, who also goes by Rampage, recently took to Twitter to issue a breakdown of Bitcoin’s […]

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Analyst: Bitcoin Holding $3,550 Means “Next Strong Move” is Building

Analyst: Bitcoin Holding $3,550 Means "Next Strong Move" is Building

Ever since Bitcoin (BTC) suddenly ran on February 8th, posting a jaw-dropping performance that came straight out of left field, the broader crypto market has entered a lull. While there have been a few notable movers, like Binance Coin (BNB), the broader digital asset class has all but stopped moving. Price action has effectively come to a standstill. This has left many asking, what’s next for the cryptocurrency market? While one analyst couldn’t give a definitive answer on whether BTC will move higher or lower, he argues […]

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Analyst: Wave of Desperation Could Send Bitcoin (BTC) as Low as $2,400

Analyst: Wave of Desperation Could Send Bitcoin (BTC) as Low as $2,400

Following the cryptocurrency market’s recent surge that sent Bitcoin (BTC) up 10% and many other cryptocurrencies up well over 10%, the markets have experienced a bout of sideways trading. Although it is positive that Bitcoin has not surrendered much of its recent price gains, it has not been able to garner enough buying pressure to push its price any higher. One analyst now expects Bitcoin to drop as low as $2,400 in a final wave of massive selling pressure, which could then spark a rally that could […]

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Bitcoin Needs To Reach At Least $7,000 to Save the Mining Industry: Analyst

Bitcoin Needs To Reach At Least $7,000 to Save the Mining Industry: Analyst

The economics of Bitcoin (BTC) is a touchy subject. Case in point, debates regarding the subject matter are the catalyst for some of the project’s leading forks. And while discourse regarding the subject has dissipated, especially as Craig Wright and Roger Ver have gone on their merry way, the long-term sustainability of Bitcoin’s consensus mechanism has recently come under fire. Filb Filb, a leading crypto asset researcher, looked to bring rational thought and numbers to a facet of this non-parley on Sunday, releasing a Twitter thread on […]

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Analyst Claims That Bitcoin (BTC) Could Surge to $5,000 in Coming Weeks

Analyst: Bitcoin (BTC) May Soon Flip Bullish if Able to Finish Weekend Above $3,480

Following the positive volatility the markets experienced on Friday, Bitcoin (BTC) has been able to find stability in the $3,600 region, signaling that bulls are not ready to surrender the cryptocurrency’s recent price gains. Now, one analyst is claiming that Bitcoin may surge as high as $5,000 in the coming weeks, as the cryptocurrency begins to develop more bullish technical formations. Analyst: Bitcoin May Soon Surge to $5,000 At the time of writing, Bitcoin is trading down nominally at its current price of $3,650. On Friday, Bitcoin […]

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Analyst Claims Ethereum (ETH) Could Soon Surge 90% to $200, But it May First Drop to $90

Analyst Claims Ethereum (ETH) Could Soon Surge 90% to $200, But it May First Drop to $90

The cryptocurrency markets are currently experiencing a relatively involatile day, with most major cryptos trading up or down marginally. Because Bitcoin has held support at $3,400, most cryptocurrencies, like Ethereum (ETH), are resting at, or slightly above, their support levels, which is leading many traders to express increased caution in entering any longs positions. Despite this, one prominent analyst sees Ethereum potentially gearing up for a price surge that could send it skyrocketing over 90% from its current prices. Ethereum Stable Above $100, May Drop to $90 […]

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Analyst: Bitcoin (BTC) RSI Signals That the Cryptocurrency is at Historically Oversold Levels

Analyst: Bitcoin (BTC) Likely to Climb Back Above $3,500 After Finding Support at $3,400

After dropping back to its recently established support level at $3,400 a couple days ago, Bitcoin (BTC) has been able to hold above this support level. Despite this, its failure to bounce signals that it doesn’t have any significant buying pressure at the moment and further losses may be necessary in order for it to surge. Now, one analyst claims that Bitcoin is currently resting at historically oversold price levels, which means that it may soon bounce. Despite this, the same analyst also said that a failure […]

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Crypto Analyst Expects Bitcoin Bounce, Monthly MACD Signals Bottom

Crypto Analyst Expects Bitcoin Bounce, Monthly MACD Signals Bottom

Members of the crypto community, analysts, investors, and traders alike are all consumed with analyzing charts, both current and historic, hoping to find early signals that the bottom of Bitcoin’s now longest ever bear market is in. One particular prominent chartist and trader, believes that Bitcoin is due for a powerful bounce soon, and further suggest that the monthly MACD has started to signal that the bottom of the 2018-2019 bear market may be in, if patterns witnessed in previous bull-bear cycles are repeated. Bitcoin Ready to […]

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Bitcoin Finds Little Buying Pressure at $3,400, Analyst Claims That BTC Is Likely to Drop Further

Bitcoin Finds Little Buying Pressure at $3,400, Analyst Claims That BTC Is Likely to Drop Further

After an extended period of sideways trading in the mid-to-upper $3,400 region, Bitcoin (BTC) has failed to break through its nearest resistance level at $3,500, which has led the cryptocurrency to drop to its support level at $3,400. Although BTC has yet to break decisively below this level, one analyst believes that the lack of buying pressure at this price point signals that further losses are to come in the near-future, and that Bitcoin must see increased adoption in order for it to see steady price gains. […]

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Prominent Analyst Identifies Bitcoin Buy and Accumulate Zones

NewsBTC

Bitcoin price predictions have been coming thick and fast over the past couple of months as analysts and investors attempt to foresee when the bottom will be in. This serves as the best buying opportunity but very few traders get it exactly right so getting close should be good enough. No Return For Bulls Until Trendline is Broken Bitcoin has failed twice so far this year to break key resistance levels, the first at $4,000 and then again at $3,600. As resistance zones keep falling, the down […]

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