Price predictions
Huobi executive says a Bitcoin bull run isn’t happening until late 2024
Huobi’s Du Jun expects a bear market to last until the next Bitcoin halving event He explained that previous price patterns show that bull runs usually succeed halving events Du Jun, the co-founder of digital assets exchange Huobi has predicted that Bitcoin could hold out on a bull market, at least until late 2024 when ‘halving’ occurs next. Speaking to CNBC, Jun observed that a bull run for the world’s top digital asset has historically been accompanied by halving. Halving is an event written into Bitcoin’s fundamental code during which the rewards to Bitcoin miners are cut by half. In reference, the Huobi co-founder noted that Bitcoin’s last two occurrences of all-time high Bitcoin prices had followed a halving event. Last year, Bitcoin peaked abo...
Crypto analyst predicts that March is likely to be bearish for Bitcoin
InvestAnswers host has observed that Bitcoin usually plunges 8.5 times out of 10 in March He contends that the coming Fed meeting and current global unrest could affect Bitcoin’s price A popular crypto analyst who hosts InvestAnswers, a YouTube channel on financial education, has told his subscribers how he expects the BTC market to play out in March. His projection was in response to a question from a follower who inferred to the analyst’s previous assertions that March is usually a bearish month for Bitcoin. The InvestAnswers host explained that Bitcoin typically posts a red candle in March a strong 8.5 times out of ten. The host noted that several factors could add to this historical pattern and destabilise Bitcoin in the coming month. Several factors hang in the balance A F...
Here’s why crypto analyst Nicholas Merten believes Bitcoin is prime to surge
Crypto analyst Nicholas Merten has said Bitcoin not falling below $30k was a better price-performance than anticipated Merten also predicted Bitcoin price could reach $200k by November Crypto analyst Nicholas Merten has reviewed his Bitcoin price targets, evaluating the path the world’s largest digital asset is likely to follow in the coming months. Speaking during a recent episode on his YouTube channel, Merten observed that Bitcoin’s progressive fall from an all-time high of 69k last November to less than half that price point (as low as $33,500) towards the end of January was not as bad as it could have gotten. The DataDash host observed that the token could have plunged below $30k, but traders have increasingly begun buying the dip much faster. He explained that traders are...
Bitcoin may head to $45k – $47k without CME gap filling, crypto analyst suggests
Market analyst Credible Crypto has set forth that CME gap filling isn’t guaranteed The analyst also pointed out that the bottom is likely in for Hedera (HBAR) Popular crypto trader and market analyst Credible Crypto has given his views on the price movements of Bitcoin and Hedera Hashgraph. The analyst shared the forecast tweets on his page accompanied by respective analysis charts. BTC/USD Credible crypto quoted a tweet shared at the end of last week – when he anticipated Bitcoin to continue sideways trading, at the time, as it would “allow for some final pumps on many ALT/BTC pairings before $BTC drains them.” In his recent tweet, Credible Crypto argued that the flagship cryptocurrency could climb towards $47k without the CME gap and swing lows being filled. BTC/USD tra...
Weekly Report: Ether price could pull back to $1,700 as per Bloomberg’s February Crypto Report
Bloomberg analysts predict Ether to retreat to $1,700 before surging again Bybit exchange has announced a partnership with Cabital to bring more on-ramp integrations Canadian lawmaker tables bill to promote the growth of the cryptocurrency industry The cryptocurrency sector saw it all in the second week of February – from volatility in the market to major partnerships within the industry. Here is a rundown of the major stories that you might have missed Bloomberg analysts foresee Ethereum sliding back to $1,700 As markets struggle to recover from the January dump, Ethereum could not yet be out of the woods. A team of Bloomberg analysts has predicted that the second-largest crypto asset is likely to crash to $1,700, though the fundamentals are expected to remain unaffected. The Crypto Outlo...
Here’s why FSInsight foresees BTC and ETH racing past 200k and 12k, respectively
A report by FSInsight predicts Bitcoin should end the year in the $138k to 222k range The report also indicated that Ethereum could reach $12k as it’s remarkably undervalued Market data outlook firm FSInsight has predicted that Bitcoin could reach $222,000 and Ethereum grow as much as $12,000 in the second half of the year. In a recent report, Digital Assets in A Post-Cycle World, the firm said that a number of factors could work in favour of the coins pushing them to reach the projected price. Several Bitcoin metrics are bullish FSInsight explained that Bitcoin is showing better market efficiency and has not exhibited rapid and unsustainable price appreciation as in previous cycles, which could be attributed to its shift from a payment method to a store of value. Further, the report...
Crypto strategist says XRP could blow after its SEC brawl – Here’s his argument
A top analyst has predicted that XRP will ‘rocket’ after the pending legal issues with the SEC are resolved Credible Crypto, as he is known on his socials, predicted XRP to peak the $20 to $30 range in this cycle A largely-followed crypto analyst and trader has predicted that XRP will explode after the legal matters between Ripple Labs and the US Securities and Exchange Commission (SEC) are settled. The pseudonymous crypto analyst, Credible Crypto, recently linked up with Thinking Crypto’s Tony Edwards and analysed a few coins based on their performance in the market, including the Ripple-affiliated XRP. Analyst advises getting in before its too late The crypto strategist observed that at the moment, XRP is looking bearish in the charts, and he expects its price...
Crypto specialist panel says Bitcoin could hit 400k by 2030
Finder’s recent price prediction report shows that a panel of specialists has predicted Bitcoin to rise and peak at $93,700 this year. However, the Fed’s plan to hike interest rates would affect this price, causing it to fall to $76,400 as the year ends. According to a Bitcoin price prediction report by Finder, a panel of experts in areas including NFTs, FinTech and crypto has issued its predictions on where the price of Bitcoin is headed in the future. The panel, which included 33 specialists, is foreseeing that the world’s largest digital asset would peak at around $93,700 before plunging to $76,400 as the year comes to an end. In addition, the panel forecasted that in the year 2025, Bitcoin would be worth at least $192,800, and five years later, its value should be app...
Altcoin analyst calls Near Protocol a solid project, sees FTM bottoming at $1.50
The market has gained ground on Friday following yesterday’s pullback that halted the uptrend that started on Monday Fantom, alongside other altcoins, is seeing modest gains Crypto analyst Altcoin Sherpa has shared in a series of tweets his short-term predictions for Bitcoin (BTC), Fantom (FTM), and Near Protocol’s native token NEAR. Sherpa, an advisor for the decentralised cross-chain liquidity aggregator Atlas, has previously made a number of right calls on various alts. NEAR/USD NEAR posted an all-time high slightly above $20 just a little over two weeks ago. The surge was propelled by several factors, including Near Protocol’s successful completion of a $150 million funding round led by Three Arrow Capital. Since then, NEAR/USD has lost over 40% of its value and is currently trading at...
El Salvador President affirms Bitcoin price surge is inevitable
Nayib Bukele believes that the price of Bitcoin will soon rocket El Salvador’s Minister of Finance has responded to the IMF’s demands to drop Bitcoin as a legal currency El Salvador President Nayib Bukele has once again publicly expressed his bullish view on Bitcoin, predicting that in “just a matter of time,” the crypto asset would see enormous gains in price. Scarcity to fuel Bitcoin price uptrend Yesterday, Bukele posited that Bitcoin’s maximum supply of 21 million coins might not be adequate to serve the demand as adoption rises. He anticipates that Bitcoin’s increased adoption and scarcity would be a catalyst for the predicted upthrust. “There are more than 50 million millionaires in the world. Imagine when each one of them decides they s...
Cardano has established a bearish trend, crypto analyst forewarns
A popular crypto analyst has projected that BTC would drop below $30k before it eventually bounces above $40k. He also tips off that Cardano’s ADA has carved a clear bearish path and could fall towards the support at either $0.80 or $0.65. Capo, a pseudonymous crypto analyst on Twitter, has told 240,000-large following that crypto assets are yet to come out of the bearish run. Change of tune on the leading cryptocurrency The analyst was initially bullish on Bitcoin, predicting that it would first rally beyond 40k before potentially seeing a bearish outturn. However, he has now changed his view and instead sees the flagship cryptocurrency directly plunging. “Whales are adding supply and removing bids below the current price. It seems that it will go just straight down without to...
Macro trends expert Lyn Alden doesn’t see Bitcoin sinking below $20k
Alden is optimistic the flagship will stay above $20,000 even if the slump intensifies Bitcoin is trading on the green today and has cleared $37,000 Macroeconomics strategist Lyn Alden has shared her view on Bitcoin which, like other crypto assets, has suffered considerable losses in the recent market slump. In a mid-week interview with Kitco News’ David Lin, Alden noted that it is unlikely for the price of the leading cryptocurrency to sink below $20,000. Alden, who manages an eponymous equity research and investment research firm, backed his forecast, noting that the market is maturing and, as such, Bitcoin won’t see massive price fluctuations. “I’d be somewhat surprised to see a sub 20,000 print. I don’t rule it out as an option though […] Bitcoin ha...
