Tag Archives: Analyst

Bitcoin Surges Nearly 10%, Analyst Claims BTC Likely to Target Mid-$4,100 Region Next

Bitcoin Daily Transactions Return to Bull Run Levels

Following an extended period of sideways trading for Bitcoin (BTC), it finally made a large upwards move and is now facing some levels of resistance around its current price. Bitcoin’s upwards swing today has allowed the entire cryptocurrency market to surge and represents the market’s second upwards price swing in the past couple of weeks. Now, analysts believe that Bitcoin will continue its ascent until it reaches roughly $4,100, where it may find increased levels of resistance. Bitcoin (BTC) Surges Towards $4,000 At the time of writing, […]

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Bitcoin: After Breaking Above $3,700 It Could Soon Surge Towards $4,100, Says Analyst

Bitcoin: After Breaking Above $3,700 It Could Soon Surge Towards $4,100, Says Analyst

After a several day period with little volatility in the cryptocurrency markets, Bitcoin has now surged above $3,700, which proved to be a level of resistance over the past week. Today’s price surge, despite being relatively small, could be significant in leading Bitcoin’s price back towards $4,100. One analyst also believes that Bitcoin’s latest price move could prove to be positive for the altcoin markets. Bitcoin Surges Towards $3,800 At the time of writing, Bitcoin is trading up 2.6% at its current price of $3,750. Since last […]

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Analyst: Bitcoin Price Must Get Above $3,700 in Order for Crypto Markets to Surge

Analyst: Bitcoin Price Must Get Above $3,700 in Order for Crypto Markets to Surge

Although this week was off to a volatile start, as the days went on Bitcoin began finding increased stability in the $3,600 region. This stability has led to a bout of sideways trading for the entire crypto markets, which have drifted down slightly today. Now, one prominent crypto analyst believes that Bitcoin needs to trade above $3,700 for an extended period of time in order for the entire market to climb higher. Bitcoin Stuck Below $3,700 At the time of writing, Bitcoin is trading up nominally at […]

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Analyst: Bitcoin (BTC) Support Level at $3,550 Weakening After Volatile Weekend

Analyst: Bitcoin (BTC) Support Level at $3,550 Weakening After Volatile Weekend

Bitcoin (BTC) is currently coming off of an incredibly volatile weekend where it surged to highs of $3,750 on Saturday before retracing to lows of $3,550 on Sunday. Although nothing fundamental drove this volatility, it is now becoming increasingly common to see volatility over the weekends, which is primarily due to the decline in trading volume. This recent volatility has further confirmed Bitcoin’s current trading range, which analysts believe is gradually becoming weaker. Bitcoin Drops Below $3,600 At the time of writing, Bitcoin is trading down 0.4% […]

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Analyst: Recent Bitcoin Price Action May Confirm BTC is Nearing a Long-Term Bottom

Analyst: Recent Bitcoin Price Action May Confirm BTC is Nearing a Long-Term Bottom

Bitcoin (BTC) and the general cryptocurrency markets have stabilized following the recent bout of volatility they experienced this past weekend. Yesterday, however, Bitcoin’s price quickly dropped to lows of $3,550 on the aggregated markets before sharply surging back towards its current levels. One analyst believes that this drop and surge, albeit relatively small, is the result of a confluence of factors that could suggest Bitcoin is nearing a long-term bottom. Recent Bitcoin (BTC) Volatility Further Confirms Current Trading Range At the time of writing, Bitcoin is trading […]

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Analyst Nails Prediction Countries Would Form Pro Crypto Economic Zones

Analyst Nails Prediction Countries Would Form Pro Crypto Economic Zones

Nine months ago, prominent crypto analyst Nic Carter made a bold prediction that in less than a year, at least one “nation state” would announce the creation of a Special Crypto-Economic Zone. Today, Carter’s prediction rings true with a number of countries such as the Philippines, South Korea, and Thailand are working to create an environment where crypto and blockchain businesses can flourish. Introduction of Pro-Crypto Economic Zones Progressing Rapidly Coinmetrics co-founder and partner at Castle Island Ventures, Nic Carter, is an expert and analyst focusing on […]

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Analyst: Bitcoin Halving Anticipation Could Lead to BTC Price Surge

Analyst: Bitcoin Halving Anticipation Could Lead to BTC Price Surge

Although the cryptocurrency markets have found some levels of support and stability around their current prices, many investors and analysts alike are looking towards future events that could potentially lead to a Bitcoin (BTC) price surge. Now, analysts are speculating that anticipation for Bitcoin’s upcoming “halving” event could lead its price to surge. Analyst: Bitcoin (BTC) Could Surge in Next Few Months on Halving Anticipation At the time of writing, Bitcoin is trading flat just below $3,600. Over the past couple of weeks, BTC has established the […]

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TRON and Binance Optimistic on BitTorrent But Analyst Says it Could be Overplayed

TRON and Binance Optimistic on BitTorrent But Analyst Says it Could be Overplayed

Ethereum rival smart contract protocol Tron recently announced that it would be working with established file sharing platform BitTorrent. The idea behind the partnership is to allow users to pay for an optimised service and other features using the newly created BitTorrent Tokens (BTT). Leading cryptocurrency exchange Binance has been working with Tron and BitTorrent to launch BTT and the speed with which the initial token sale round has sold out has those involved excited. However, one analyst believes that Tron’s crypto integration is a desperate move […]

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

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

Earlier this week, Bitcoin (BTC) failed to uphold its previously established support level around $3,550, which led to a sharp drop to $3,400. Although at the time of this drop many analysts expected BTC’s main region of support to exist around its 2018 lows at approximately $3,200, the cryptocurrency was able to find support at $3,400. Because Bitcoin has established $3,400 as a level of support for an extended period of time, it may soon be able to climb back above $3,500, which could lead to further […]

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How Bitcoin Could Plunge To $1,700 In June: Prominent Crypto Analyst

How Bitcoin Could Plunge To $1,700 In June: Prominent Crypto Analyst

Just as the hype surrounding the next Bitcoin block reward halving has heated up, sparking claims that a bull reversal is inbound, a leading crypto analyst has come to play whack-a-mole with optimists. Bulls may be preparing to run, but bears may have one last hurrah, as they savagely draw blood before their eventual bout of hibernation. Related Reading: Why Investment Advisors Expect Bitcoin To Reach $17,570 By 2023 Bitcoin Could Bottom At $1,700 In Coming Months In a recent Twitter thread, Murad Mahmudov, a Princeton graduate turned diehard […]

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