Tags : Analysts

Bitcoin

Boom for Bitcoin as Macro Analysts Stick to Their Bearish

Bitcoin and the US dollar have stopped caring about their inverse correlation heading into 2021. The flagship cryptocurrency closed the first quarter more than 100 percent higher as more and more institutions became accustomed to its safe-haven characteristics. For instance, US carmaker Tesla revealed that it replaced $1.5 billion of its cash reserves with bitcoin, […]Read More

Bitcoin

Many Bitcoin Analysts Call For Rally Beyond $70,000; Here’s Why

Bitcoin traders and analysts are sticking to their conviction that the cryptocurrency’s price will hit at least $70,000 in the coming sessions. At the core of their upside outlook lies a classic technical indicator. Dubbed as Ascending Triangle, the pattern forms when an asset forms two or more rising troughs and almost equal highs in […]Read More

Bitcoin

Crypto analysts say ‘not a bubble’ even as Bitcoin flirts

Some cryptocurrency market analysts say Bitcoin is not ‘in a bubble’ even as the world’s largest crypto by market cap flirts with the crucial $60,000 price level, a report on British news outlet The Independent noted today. Bitcoin a bubble? “Bitcoin has been on an epic rally since last October. Almost week-on-week, the price has […]Read More

Bitcoin

Textbook Breakout Prompts Analysts to Predict Bitcoin at $60,000

Bitcoin prices rallied Tuesday as a recent selloff in government bonds paused, and more institutions added the cryptocurrency to their balance sheets. The BTC/USD exchange rate was trading just shy of $55,000 ahead of the London morning bell, up 26.19 percent from its sessional low of $45,500. That provided the pair a break from its […]Read More

Bitcoin

Multiple Analysts Look at $400,000 as Bitcoin’s Ultimate Bull Stop

A soup of optimistic fundamental and technical indicators has led multiple analysts to envision Bitcoin at a six-digit valuation. The flurry of experienced finance professionals includes veteran trader Peter Brandt, investment strategist Scott Minerd, and asset manager Cathie Wood. All of them, coming from different mindsets, lately projected Bitcoin at $400,000, a cryptocurrency that has […]Read More

Bitcoin

Bitcoin Clears Key Range as Analysts Eye Move to $55,000

Bitcoin saw some wild price action yesterday on the heels of news surrounding Tesla’s massive $1.5b Bitcoin purchase The crypto instantly rallied from the upper-$30,000 region to highs of $45,000 before it found some resistance Following a brief consolidation phase and slight selloff, the crypto kicked off round two of its uptrend later in the […]Read More

Bitcoin

Analysts say Bitcoin could pop back up after accumulation

The price of Bitcoin fully retraced after surging to around $38,000 in the past 24 hours. BTC initially surged after Tesla CEO Elon Musk put the word “Bitcoin” in his Twitter bio. Since then, BTC has dropped back down to around $33,000, hovering just below $34,000 in the last few hours. Will Bitcoin recover soon? […]Read More

Bitcoin

Bitcoin Enters Consolidation Phase as Analysts Set Their Sights on

Bitcoin has seen some mixed price action as of late, with bulls and bears largely reaching an impasse as the crypto consolidates Following its recent plunge to below $29,000, the crypto has been seeing some sideways trading that has made it incredibly unclear as to where it will trend next One analyst noted that Bitcoin […]Read More