Tag Archives: Analysts

Analysts Expect Ethereum (ETH) to See Increased Bullish Momentum as Crypto Markets Trade Mixed

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

The crypto markets have experienced decent levels of bullish momentum over the past couple of weeks that has allowed virtually all major cryptocurrencies to recover some of their recent losses. Ethereum (ETH) is one notable gainer that has jumped nearly 45% from its monthly lows and has firmly reclaimed the number two spot by market capitalization from XRP. Analysts now concur that Ethereum will likely see increased bullish momentum in the near future, which may allow it to climb towards the upper-$150 region. Ethereum Climbs Slightly as […]

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Bitcoin Struggles to Break Above $4,000, Analysts Claim BTC Likely to Drop Before Climbing Higher

ETF, Lightning, and Halving Drive Recent Bitcoin Rally

Following several consecutive days of price gains, Bitcoin’s recent price rally has stalled as BTC failed to decisively move above $4,000. It’s no surprise that $4,000 is a strong level of resistance for the cryptocurrency, as it has previously acted as a strong psychological level for BTC. Now, analysts expect Bitcoin to drop slightly before finding increased buying pressure, which could then help propel it to above $4,000. Analyst: Despite Bitcoin Price Surge, BTC Still in a Heavy Bear Market At the time of writing, Bitcoin is […]

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Crypto Analysts: Bitcoin Strong After ETF Mishap Is Sign Of Bottom

Crypto Analysts: Bitcoin Strong After ETF Mishap Is Sign Of Bottom

Crypto’s worst nightmares came to life on Wednesday, as the U.S. Securities and Exchange Commission (SEC) revealed that the long-awaited Bitcoin (BTC) exchange-traded fund (ETF) from VanEck had lost steam. Interestingly, however, the value of cryptocurrencies barely budged. This simple bout of nonaction sparked a newfound influx of bullish sentiment, in spite of the ostensibly bearish news. Related Reading: 58% of US Investors Would Invest in Bitcoin via ETF: Major Hedge Fund VanEck: U.S. Shutdown Curbed Bitcoin Discussions With SEC As reported by NewsBTC previously, the American entity claimed […]

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Bitcoin: BTC Stabilizes After Sinking Below $3,500, Analysts Claim it is Likely to Drop Further

Bitcoin: BTC Stabilizes After Sinking Below $3,500, Analysts Claim it is Likely to Drop Further

Following a long period of sideways trading, Bitcoin (BTC) has now broken down below its previously established support level around $3,500. Today’s drop appears to have allowed BTC to establish support in the $3,400 region, but further volatility could easily push it down towards $3,000, where the cryptocurrency has significant buying pressure. Analyst are conclusively bearish following BTC’s recent price move, but analysts are also quick to point out that the significant technical region that BTC must maintain above remains at $3,000. Bitcoin (BTC) Falls After Period […]

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Bitcoin (BTC) Holds Steady Above $3,400, But Analysts Still Believe Further Losses Could Be in Store

Bitcoin (BTC) Holds Steady Above $3,400, But Analysts Still Believe Further Losses Could Be in Store

Following Bitcoin’s recent drop into the $3,400 region, it has been able to hold support above $3,400 for an extended period of time, which may ultimately prove to be positive for Bitcoin’s price action. It is important to note that Bitcoin (BTC) has not yet been able to break above $3,500, which appears to be a relative level of resistance for the cryptocurrency. Although Bitcoin has held steady in the mid-to-upper $3,400 range, one analyst still believes it will see further losses before finding major buying support […]

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Crypto Markets Trade Mixed, Analysts Cautiously Bullish on Litecoin and Ethereum

Crypto Markets Trade Mixed, Analysts Cautiously Bullish on Litecoin and Ethereum

The crypto markets have started the weekend off with a mixed trading session as Bitcoin continues to trade sideways at its current price level of $3,475. Although the markets have remained stable around their current price levels, some major cryptos, including Litecoin and Ethereum, may soon see upwards price surges. Although these cryptocurrencies may be showing some signs of bullishness, it is important to note that Bitcoin will likely have to maintain above $3,400, or surge above its resistance level at $3,500, in order for the markets […]

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Analysts Watch for Crypto Decoupling, Stock Market Correlation, and $7K Bitcoin in 2019

Analysts Watch for Crypto Decoupling, Stock Market Correlation, and $7K Bitcoin in 2019

At the end of 2018, the stock market tumbled, and leading cryptocurrencies such as Bitcoin fell through price support to reach new yearly lows, sending the crypto market into a depression state. There’s hope at the end of the tunnel, concludes a team of analysts, whose average price prediction for Bitcoin puts the leading crypto by market cap at a just shy of $7,000 at the end of 2019. The analysts also point to two potential trends to “look out for in 2019.” Bitcoin Bear Market To […]

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As Bitcoin Enters its Longest-Ever Bear Market, Analysts Expect BTC to Make a Large Move in Near-Future

As Bitcoin Enters its Longest-Ever Bear Market, Analysts Expect BTC to Make a Large Move in Near-Future

After experiencing increased levels of volatility last week, Bitcoin (BTC) endured the weekend without any major price moves and has so far experienced a relatively involatile Monday. Recently, Bitcoin entered its longest-ever bear market, and investors and analysts alike are keen on speculating on when it will finally reach a price point with enough buying pressure to reverse its current trend. According to one prominent cryptocurrency analyst, Bitcoin is now nearing its seventh major triangle formation since its crash first began in late-2017, which means it could […]

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Analysts Bearish on Ethereum as $100 Level is at Risk of Being Breached, Gloomy Short-Term Future

Analysts Bearish on Ethereum as $100 Level is at Risk of Being Breached, Gloomy Short-Term Future

Following a long period of sideways trading in the cryptocurrency markets, Bitcoin’s recent drop to $3,400 has led most major cryptos to dip and has caused one analyst to turn bearish on major cryptocurrencies like Ethereum (ETH) and Litecoin (LTC), despite many analysts recently being bullish on these cryptocurrencies. It is likely that the direction these cryptocurrencies head next will be dictated by Bitcoin’s price action, as a break below $3,400 will lead the entire markets to follow suit and plunge. Analysts Bearish on Ethereum (ETH) and […]

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Bitcoin Hasn’t Performed Well in 2018 But Analysts Say It’s Just Fine to Hold BTC

Bitcoin Hasn't Performed Well in 2018 But Analysts Say It's Just Fine to Hold BTC

The performance of Bitcoin (BTC) over 2018 hasn’t been pretty — that goes without saying. Yet, taking a step back, many optimists would argue that it is more than apparent that crypto assets are doing just fine. Case in point, the asset ran from sub-$0.01 to an all-time high of $20,000 in a decades’ time, outperforming any other investment opportunity that has existed, ever. And while prospects look dismal for Bitcoin’s remaining holders, believed to be few and far between, some claim that copious upside might just […]

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