Tag: Analyst

Bitcoin consolidates after $40K surge as analyst eyes weekly higher low for BTC price

[ad_1] Bitcoin (BTC) began a nervous weekend at around $39,000 on Feb. 26 after an overnight spike briefly saw $40,000 return. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Stocks gains but crypto “fear” pervades Data from Cointelegraph Markets Pro and TradingView revealed calmer conditions for BTC/USD Saturday after overnight volatility saw highs of $40,330 on Bitstamp. With traditional markets closed, the probability of “fakeout” moves up or down was elevated thanks to thinner weekend volumes on crypto markets. The geopolitical turmoil focused on Ukraine and occupier Russia formed the backdrop for…

Read More

Bitcoin pundits split over BTC floor as Bloomberg analyst eyes bounce

sysadmin

[ad_1] Bitcoin (BTC) could still fall under $30,000, but some prominent sources are already calling the end of the latest bearish turn on BTC/USD. In a tweet on Jan. 25, Mike McGlone, senior commodity strategist at Bloomberg Intelligence, eyed Bitcoin’s position relative to its 20-week moving average, noting that historically, current levels have marked a turning point. McGlone: Bitcoin “a bit extended” at all-time highs Still hopeful for Bitcoin to weather a macro storm this year, McGlone’s data places BTC/USD at the same position in which it halted downtrends in…

Read More

Crypto.com breach may be worth up to $33M, suggests onchain analyst

sysadmin

[ad_1] Onchain analyst claims that Crypto.com’s loss in the latest security breach might have been worth more than the reported $15 million. Pseudonymous ErgoBTC, an on-chain analyst at Bitcoin (BTC) research firm OXT Research, claims that the Crypto.com security breach that was said to have resulted in the loss of 4.6K ETH ($15 million), may be worth up to $33 million. Adding another 444 BTC to the previously reported 4.6k ETH from yesterday’s @cryptocom hack. Still no acknowledgement of loss, despite large outflows from the custodial wallet into ETH’s Tornado…

Read More

Bitcoin stays in tight range as analyst eyes potential ‘interesting week’ in BTC

sysadmin

[ad_1] Bitcoin (BTC) hovered near $43,000 on Jan. 17 as its “boring” price action combined with signs that the market could be stabilizing. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Leverage comes off all-time highs Data from Cointelegraph Markets Pro and TradingView showed BTC/USD staying firmly within its established trading range between $40,000 and $45,000. With few surprises expected thanks to the Wall Street holiday, traders took the opportunity to call for a level-headed approach on focus on altcoins. Bitcoin is down a few hundred dollars! Quick, someone come up with…

Read More

Wall Street Brokers Interested In Bitcoin DA Davidson Analyst

sysadmin

[ad_1] Interest from Wall Street in Bitcoin is growing, having tripled since the beginning of the year, DA Davidson’s analyst said. Analyst Christopher Brendler estimates that three times as many Wall Street brokers that cover the payments sector are taking bitcoin seriously now than in January. DA Davidson recently started researching the industry and is bullish on BTC miners in the short term. Wall Street is growing more aware and interested in Bitcoin and bitcoin mining companies, wealth management firm DA Davidson’s analyst Christopher Brendler wrote on October 25, per…

Read More

Ethereum ‘liquidity crisis’ could see new ETH all-time high before Bitcoin — Analyst

sysadmin

[ad_1] Ethereum‘s native token, Ether (ETH), may beat Bitcoin (BTC) to new all-time highs, fresh analysis reveals. In a tweet on Wednesday, Ki Young Ju, CEO of on-chain analytics service CryptoQuant, highlighted a “sell-side liquidity crisis” that could yet give ETH the edge over BTC. Ether liquidity shortfall “intensifying” With Bitcoin up over 50% versus its lows of $29,000, altcoins have also begun to reawaken, with Ether as no exception. The largest altcoin has recaptured $3,000, a level that, this week, is now in the process of being retested as…

Read More

Analyst Predicts ‘Refreshed Bull Market’ for Bitcoin, Price Heading Toward $100K – Markets and Prices Bitcoin News

sysadmin

[ad_1] Bloomberg Intelligence analyst Mike McGlone sees “a refreshed bull market” for bitcoin. Comparing the performance of the cryptocurrency to the start of 2019, he explained, “we see performance parallels that could get the benchmark crypto back on track toward $100,000.” Bitcoin Back on Track Toward $100,000 Bloomberg Intelligence published analyst Mike McGlone’s August cryptocurrency outlook with a price prediction for bitcoin Wednesday. McGlone described that bitcoin is set to turn $40,000 into support, stating that “This year is prime for bitcoin to take the next step in its price-discovery…

Read More

Ethereum, altcoins risk more downside than Bitcoin if BTC losses $30K, warns analyst

sysadmin

[ad_1] Altcoin traders and investors should look for cover if Bitcoin (BTC) undergoes major price declines. So believes Filbfilb, an independent market analyst and co-founder of Decentrader trading suite. In a tweet published late Friday, the pseudonymous entity said a 30% crash in the Bitcoin market could prompt altcoins to drop twice as harder. When Bitcoin consolidated between $50,000 and $60,000 in the March-May period, altcoins exploded. Similarly, the recent correction in the Bitcoin market, which witnessed the flagship cryptocurrency falling from circa $65,000 to as low as $28,000, also…

Read More

Here’s why one analyst says Bitcoin will outperform Ethereum in the short term

sysadmin

[ad_1] In terms of price potential, Bitcoin (BTC) is staring at the possibility of outperforming Ether (ETH) in the short term. So believes David Lifshitz, the chief investment officer at ExoAlpha, a Paris-based investment management service, who noted that Bitcoin’s upside potential in the near-term is higher than that of Ethereum. He said so after spotting a recent shift in the BTC/ETH ratio. In detail, BTC/ETH compares the trend momentum of Bitcoin and Ether. A lower reading suggests that the Bitcoin price is rising slower than Ethereum’s. Conversely, a higher BTC/ETH…

Read More

Analyst says reclaiming $37,500 is Bitcoin’s crucial ‘line in the sand’

sysadmin

[ad_1] Bitcoin (BTC) price continues to limp lower as traders in the U.S. hit the BBQ to enjoy the upcoming Memorial Day holiday on May 31 and regulated futures and options markets like the CME are closed through the weekend. Data from Cointelegraph Markets Pro and TradingView shows that after a brief attempt by Bitcoin (BTC) bulls to rally above $37,000 in the early morning hours on May 29, the price has tumbled below $34,000 as the support needed for a move higher failed to manifest.  BTC/USDT 4-hour chart. Source:…

Read More