Tags : analyst

Cryptocurrency

Morningstar analyst pegs Cardano (ADA) as one of the “big

Morningstar Portfolio Manager Amy Arnott said Cardano, along with Bitcoin and Ethereum, has the potential to form the “big three” of mainstream cryptocurrencies. She pointed out each has its pros and cons. However, Cardano will soon offer the technical applications of Ethereum, but without its extreme volatility. Whereas she claims Bitcoin lacks the ability to […]Read More

Cryptocurrency

Crypto’s “bad boy” Dogecoin does more harm than good, analyst

Financial advisor Ric Edelman chimes into the Dogecoin debate by calling the controversial meme token the “bad boy of crypto.” Despite outperforming Bitcoin x165 year-to-date, Dogecoin continues to divide opinion. The primary arguments against it center around its poor fundamentals, namely its uncapped token supply and lack of definitive use case. However, as evidenced by […]Read More

Bitcoin

Bitcoin At Risk of “Faking Out” As Price Hovers Near

A recent wild run-up in the Bitcoin market faces risks of faltering as traders hesitate to buy the cryptocurrency at higher rates, asserts Marc Principato, the executive director at Green Bridge Investing, a cross-market investment management firm. Bitcoin to $50,000? The analyst warned in a note to followers that BTC/USD could pare its latest gains, […]Read More

Bitcoin

Bitcoin Analyst Sees “Aggressive” Bull Run Towards $64,000; Here’s Why

Bitcoin prices could undergo an aggressive bull run in the coming sessions, with their upside price targets lurking anywhere between $60,000 and $64,000. The bullish analogy comes from TradingShot, an independent analytics firm known for accurately predicting Bitcoin’s previous close above $50,000. Their analyst noted that BTC/USD has been trading inside an ascending channel range, […]Read More

Bitcoin

Bitcoin (BTC/USD) Will Not Crash Below $36,000, Asserts Forex Analyst

A recent price explosion in the Bitcoin market has pushed its costs to over $52,000 per token, more than double its December 2020 nadir. The cryptocurrency’s meteoric rise has also sent its momentum indicators into an overbought area, which typically amounts to a downside correction in the medium-term. Bitcoin RSI indicator is flashing warnings about […]Read More

Bitcoin

Bitcoin Expects to Reach $65,000 Next Month, Fractal Analyst Claims

Bitcoin’s run-up to its all-time high above $50,000 this week has prompted a data analysis firm to predict further upside valuations for the cryptocurrency. TradingShot, an independent trading management firm, wrote in its latest note to followers that it sees the BTC/USD exchange rate at $65,000 by next month. And, if the trend persists, the […]Read More

Bitcoin

Bloomberg Analyst Sees Bitcoin at $50,000 on Anti-Gold Sentiment

A recent meltdown in the Bitcoin price from its record high near $42,000 has done little to shake its bullish bias, at least according to a Bloomberg analyst. In a report published on Wednesday, senior commodity strategist Mike McGlone wrote that the flagship cryptocurrency could hit $50,000 in the coming sessions. He called out Bitcoin […]Read More