Tag Archives: Analysts

Crypto Markets Experience Mixed Trading Session, Analysts Expect Ethereum and Litecoin to Drop in Near-Future

Cryptocurrency Exchanges Targeted by Fake Photo Scam

The crypto markets have continued to gradually drift lower following last Friday’s market surge. Most cryptocurrencies have dropped today, with Ethereum trading down marginally, and XRP dropping nearly 2% due to concerns regarding the newly announced JP Morgan crypto (JPM Coin) possibly being a competitor. Many analysts now expect major cryptocurrencies, including Litecoin and Ethereum, to see increased selling pressure in the near-term as these cryptocurrencies fail to break above their respective resistance levels. Ethereum and Litecoin May Soon See Further Losses At the time of writing, Ethereum […]

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Bitcoin (BTC) Stable Above $3,600, But Analysts Warn That Further Losses are Likely

Bitcoin (BTC) Stable Above $3,600, But Analysts Warn That Further Losses are Likely

Bitcoin has continued to express stability around its current price levels in the low-$3,600 region. Despite being stable currently, BTC has not been able to garner any buying pressure at its current prices, which may signal technical weakness. Now, analysts are claiming that Bitcoin may see further losses in the near-term, as its price has not yet seen any surge that would signal that it was previously oversold. Bitcoin Fails to Find Buying Pressure at Current Price Levels  At the time of writing, Bitcoin is trading down […]

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Analysts Claim That Ethereum and Litecoin Are Currently Bearish Despite Recent Gains

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

Following last week’s incredibly positive price action in the crypto markets, Bitcoin and most major cryptocurrencies have been able to maintain a large majority of their recent price gains. At the time, this positive price action allowed Litecoin to skyrocket over 30% and Ethereum to surge well over 10%. Despite this, both Litecoin and Ethereum may soon see increased selling pressure, as multiple analysts view these cryptocurrencies as bearish for the time being. Analysts Claim Ethereum Likely to Drop Towards $114 in Near Future  At the time […]

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Fundstrat’s Tom Lee: Technical Analysts Becoming Incrementally Bullish On Bitcoin

Fundstrat's Tom Lee: Technical Analysts Becoming Incrementally Bullish On Bitcoin

After Friday’s straight out of left field rally, analysts have begun to express optimism for the first time in a blue moon. In fact, one industry insider claims that technical analysts centered on Bitcoin (BTC) are switching gears from bearish to bullish. But will their forecasts hold up? Related Reading: Analyst Claims That Bitcoin (BTC) Could Surge to $5,000 in Coming Weeks Tom Lee Downs The Bitcoin Red Pill Again It appears that Tom Lee has downed the Bitcoin red pill yet again. After making an appearance on Fox Business, in […]

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Analysts Expect Bitcoin (BTC) to Climb Higher Before Hitting Resistance and Dropping

Analysts Expect Bitcoin (BTC) to Climb Higher Before Hitting Resistance and Dropping

Following the crypto market’s quiet weekend trading session, most cryptocurrencies have continued to trade flat, and have thus far maintained nearly all of their recent price gains that were incurred during Friday’s market surge. Bitcoin (BTC) has found stability in the mid-$3,600 region and appears to be forming $3,700 as a level of resistance. Multiple analysts now expect Bitcoin to form another upwards leg before hitting a strong resistance level, which is unlikely to be swiftly broken above unless the cryptocurrency’s bulls garner a significant amount of […]

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Analysts Expect Crypto Markets to Continue Climbing After Yesterday’s Surge

Fractals May Give Traders Guidance as to Where Ethereum (ETH) and Litecoin (LTC) are Heading Next

Yesterday was an incredibly positive day for the crypto markets, as many cryptocurrencies were able to erase several weeks of losses in a matter of mere hours. Litecoin led yesterday’s surge and was able to skyrocket 30%, which led LTC to claim the fourth most valuable spot by market capitalization. Because the markets have been able to maintain nearly all of their recent gains thus far, analysts now expect the markets to maintain their upwards momentum in the week ahead. Crypto Markets Trade Flat Following Recent Pump  […]

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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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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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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 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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