Tags : Expects

Bitcoin

Bitcoin Expects to Retest Record Highs after Powell’s Testimony

Key Bitcoin Talking Points: Rising inflation hopes, depressed real rates, and a beaten US dollar may underpin Bitcoin prices in the sessions ahead. Holding the 20-day simple moving average as support could trigger the upside bias. Meanwhile, an extended downside correction could also let the market retain its long-term bullish sentiment. Bitcoin fell by almost […]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

Ethereum

Analyst Expects Ethereum Correction as Key Indicator Peaks

Ethereum is down 7.5% in the past 24 hours as Bitcoin has begun to fall from its weekend peak. The leading cryptocurrency is currently under $600 for the first time in many days. Analysts fear a further correction is possible as Ethereum’s Stochastic relative strength index (RSI) has formed a near-term peak. Key Ethereum Indicator […]Read More