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

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

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

Market

Bitcoin Faces Further Losses Before Rally Restarts, Say Analysts

Bitcoin’s shorter-term price woes are likely not over yet, analysts say, with one predicting a further decline to $26,000. The cryptocurrency fell by 13% on Thursday in a spot market sell-off, hitting a low of $28,845 earlier on Friday, the lowest level since Jan. 4. In the hours since, the cryptocurrency has regained some poise […]Read More