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Top Bitcoin Trader Locks in Profit as Bitcoin Price Plateaus Above $52K, Jumps Into New Viral Altcoin at $0.12 | Bitcoinist.com
2 days ago
Coinpedia
Coinpedia
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The post Top Analyst is Bearsih on Bitcoin: Will BTC Price Drop Below $50,000? appeared first on Coinpedia Fintech News The crypto markets appear to be trading within equilibrium as the Bitcoin price remains stuck within a range. While bulls are not able to reclaim the levels above $52,000, bears also do not appear to be capable enough to drag the levels below $51,000. However, Star Crypto is about to end this indecisive phase soon, which may cause the BTC price to witness a fine drop, probably below $50,000.  Has the Bitcoin bull run ended before it started or is it just a compression before the expansion? Regardless of the prevailing bearish pressure, the BTC price still carries a potential target above $55,000 before the end of the first half of the year. In the meantime, the price is expected to remain consolidated but fail to rise above the key resistance. As a result, a minor drop in levels is possible, according to top analyst Michael van de Poppe, with a plunge below $50,000.  Referring to the above chart, the analyst highlights the rise of the bearish forces since the beginning of the week. As a result, the price is expected to experience a drain, which may drag the levels towards the lower support zone below $50,000.  “At this point, I’m still leaning towards this scenario in which a flush on the downside seems likely.  What’s the key zone to watch? I think $48.5-49.5K area for Bitcoin,” With this, one can expect a deeper retrace on the price in the coming days, which may halt the bullish upswing for a while. Meanwhile, the traders may still remain confident in the prevailing trend, as a strong rebound is expected to lift the levels towards the potential target above $55,000. Till then, the traders may consider each dip a good buying opportunity with enough research and analysis. 

5 days ago
TopCryptoNews
TopCryptoNews
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The crypto markets appear to be trading within equilibrium as the Bitcoin price remains stuck within a range. While bulls are not able to reclaim the levels above $52,000, bears also do not appear to be capable enough to drag the levels below $51,000. However, Star Crypto is about to end this indecisive phase soon, which may cause the BTC price to witness a fine drop, probably below $50,000.  Has the Bitcoin bull run ended before it started or is it just a compression before the expansion? Regardless of the prevailing bearish pressure, the BTC price still carries a potential target above $55,000 before the end of the first half of the year. In the meantime, the price is expected to remain consolidated but fail to rise above the key resistance. As a result, a minor drop in levels is possible, according to top analyst Michael van de Poppe, with a plunge below $50,000.  Referring to the above chart, the analyst highlights the rise of the bearish forces since the beginning of the week. As a result, the price is expected to experience a drain, which may drag the levels towards the lower support zone below $50,000.  “At this point, I’m still leaning towards this scenario in which a flush on the downside seems likely.  What’s the key zone to watch? I think $48.5-49.5K area for Bitcoin,” With this, one can expect a deeper retrace on the price in the coming days, which may halt the bullish upswing for a while. Meanwhile, the traders may still remain confident in the prevailing trend, as a strong rebound is expected to lift the levels towards the potential target above $55,000. Till then, the traders may consider each dip a good buying opportunity with enough research and analysis.  $BTC #BTC‬ #Write2Earn

5 days ago
Crypto Breaking
Crypto Breaking
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Bitcoin looks to be stuck in a consolidation zone between $50,000 and $52,000, with neither the bulls nor the bears succeeding in completely taking control of the trend. This performance has sparked a number of speculations on whether the BTC price has finally found a local top. One of those who have speculated on the price direction is crypto analyst Alan Santana, who has used the Elliot Wave Theory to predict where the price of the cryptocurrency might be headed next. Elliot Wave Points To Correction To $31,800 In the analysis shared by Alan Santana on TradingView, the Elliot Wave theory could point out the direction that the Bitcoin price could be headed next. The theory, which consists of five waves, has so far completed three waves, with the fourth wave expected to happen soon. Given that the third wave is very bullish and the price has risen so fast, the fourth wave is expected to be more bearish. As Santana explains, this fourth wave points toward an upcoming correction. They also reveal that their analysis included Elliot’s Law of Alternation, and applying it to this scenario, the fourth wave is bearish, but would not go as low as the second wave. Source: TradingView.com Once this fourth wave moves into action, the Bitcoin price is expected to see a sharp correction. At the low end of this correction, though, is the $31,800 level, the analyst believes. So, in this scenario, there will be a return to the $20,000s before Bitcoin resumes its next leg up. “This wave four of a higher degree cannot enter the territory of wave two, which puts the lowest price possible for the upcoming correction at $31,805 based on Elliot Wave Theory,” Santana said. He further added that: “Just as wave three would lead to a correction (wave four), wave four invariable leads to another impulse; the final and fifth wave of the higher degree.” Bitcoin Top At $138,000 Not only does the Elliot Wave theory points toward a possible bottom, it also gives an idea for where the Bitcoin top might lie in the fifth wave. The crypto analyst uses one of the two Wave Principle methods to forecast this price, which takes into account the peak of the third wave and then uses that to give the peak of the fifth wave. So far, the local top of this third wave looks to be $52,985, where Bitcoin peaked earlier this week. Since the Wave Principle says that the peak of Wave 5 would be three times higher than that of Wave 3, the analyst multiples $59,985 by 3, which gives a cycle top of $138,714. As for when this peak will roll around, Santana explains that the whole thing could play out by 2025, which is when the peak would take place. “So the potential for the final impulse or fifth wave based on the Elliot Wave Theory system, amounts to $138,714. This can happen sometime in 2025,” the analyst stated. BTC price at $51,700 | Source: BTCUSD on Tradingview.com Featured image from Investopedia, chart from Tradingview.com Disclaimer: The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk. Source: NewsBTC.com The post Elliot Wave Theory Predicts Bitcoin Bottom And Top, Here Are The Targets appeared first on Crypto Breaking News.

3 days ago
Coinpedia
Coinpedia
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The post Top 10 Altcoins to Surge 10x By Bitcoin Halving appeared first on Coinpedia Fintech News It’s time for a once-in-a-lifetime opportunity in crypto, according to an industry insider and Youtuber Brian Jung. His expert analysis reveals that this year’s bull run is the final chance for massive gains in the market. Why? Regulation is looming, institutions are accumulating, and the landscape is changing fast.  In his latest YouTube video, he unveils key dates and reasons why this cycle will be unlike any other. With big players like Fidelity jumping in and major events like the Bitcoin halving on the horizon, the stage is set for Bitcoin to hit new all-time highs, possibly reaching $100,000 or even $200,000. Event S&P 500’s surge aligns perfectly with the crypto market’s trajectory.  But it’s not just institutions; retail investors have power too, as seen in recent market frenzies. As layoffs increase, more talent and capital could flow into crypto, amplifying its growth. So, will you seize the opportunity or watch from the sidelines? Here are the top 10 picks of the analyst for this bull cycle.  Gala Games (GALA): Starting with GALA, he said it is active in the gaming sector; Gala Games shows promise with solid concepts and active development, making it a potential winner in the gaming crypto space. Beam: It is Serving as an infrastructure token for crypto gaming, Beam has shown promise and potential for significant growth, especially considering its low entry point. Immutable X: Offering scalability solutions for gaming and NFT projects, Immutable X has significant growth potential due to its compatibility and role in facilitating transactions within the gaming sector. Heroes Amavia: Positioned as a gaming token, Heroes Amavia has demonstrated potential for significant growth, backed by strong partnerships and a large market cap. Arkham Intelligence: Providing AI services for research within the crypto space, Arkham Intelligence presents an undervalued opportunity with notable backing and unique services. Render: Operating in the AI sector, Render has growth potential with a solid community and compatibility, catering to the increasing demand for rendering services in various industries. Rio: Focused on real-world asset tokenization, Rio has gained attention with strong partnerships and backing from VC firms, making it a potential candidate for growth. Multi-Bit: A high-risk, high-reward play, Multi-Bit has shown resilience and potential for recovery, making it attractive for risk-tolerant investors despite its speculative nature. Dog With Hat: A meme coin leveraging viral marketing and community engagement, Dog With Hat presents short-term potential for gains but requires caution due to its speculative nature. Pandora: Representing the meme coin phenomenon, Pandora has surged in price, attracting investors seeking short-term gains, although caution is advised due to its speculative nature. Furthermore, the analyst bets that by the end of the cycle, investors will look back and realize that many of these altcoins have experienced remarkable growth, potentially reaching multiples of 20x, 30x, 40x, or even achieving the coveted 100x return on investment. This statement reflects the analyst’s optimism and conviction in the transformative power of the crypto market, where significant gains are not only possible but anticipated. We are excited to see these top-notch coins rolling high, are you?

3 days ago
宇宙区块观
宇宙区块观
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Bitcoin and altcoins undergo market adjustment: potential extreme targets for SOL in the future The past 24 hours have not been smooth for altcoins, and the exit from the spot Bitcoin ETF reminds us that we won’t see multi-billion dollar accumulations every day. The expected price correction arrived without delay, with Bitcoin falling below $52,000. At the time of preparing this article, it is still hovering around $51,000, below key areas. The altcoin also saw considerable losses based on its support levels. Solana The price of SOL coin has been increasing since falling to $79 in January. Bitcoin's decline has also affected it, with the price falling back to the $100 level over the past 24 hours and now finding buyers at $104. Whenever Bitcoin has seen a rally, the popular altcoin has been very strong, supported by hype within the network. The $100 level has long been a key area for price correction. As long as the price remains above this resistance area, we should see the upside potential continue. The RSI on the weekly chart shows that the bull market still holds the upper hand. SOL coin has been trading within a symmetrical triangle since its peak on December 25, 2023, a neutral pattern that warns of an imminent breakout. Investors who were waiting on the sidelines finally seized the opportunity. SOL seems like the right choice to buy at around $100, and I think buy and hold is a good option for those considering buying for the long term. SOL coin is currently at a good level for those considering long-term buying. The price of SOL coin indicates that it is consolidating for another round of gains. The most likely count shows that SOL is on the third of five rising waves with a target of $145. While the wave count to new highs looks promising, a downward breakout from the symmetrical triangle could pull SOL coin price back to $69. This will be a potential extreme target for SOL coin in the coming weeks. #solana For more analysis, pay attention to the universe, and share free daily spot passwords and bull market strategy layouts at the top of the list!

3 days ago
Coinpedia
Coinpedia
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The post Woldcoin (WLD) & Singularity (AGIX) Fight for Supremacy: Who Will Be the Top Performer for the Day? appeared first on Coinpedia Fintech News Worldcoin price exploded a couple of days before gaining over 170% and Singularity soared above 130% at the same time. Meanwhile, the top cryptos like Bitcoin and Ethereum are trading around the gains after marking new yearly highs, suggesting market sentiments continue to remain under bullish influence. Now that the traders are also optimistic about the upcoming trend, the newly launched tokens are making huge rounds.  WLD & AGIX prices are heading strongly to become billion-dollar assets. However, it could be interesting to know whether WLD will surpass AGIX to become the top performer with half the trading volume of others. Singularity price underwent a parabolic recovery after rising above the losses and has reached the crucial resistance zone. The volume has also increased to some extent, which is expected to keep up the bullish trend. The RSI has surged higher indicating the token has entered an overbought zone. However, the levels are expected to remain within the zone, which may propel the price above $1 shortly.  Alongside, WLD bulls appear to have minimised their activity as the price has lowered its pace but has been the top performer among the top 100 cryptos.  WorldCoin has been trading within an ascending parallel channel since the beginning and the latest bullish push has enabled the price to rise above. The RSI has soared beyond the upper threshold for the first time in the past few months, indicating the price will maintain a continued trend. The price is expected to remain elevated after undergoing a parabolic recovery, which may set up a fresh bullish case for the WLD price.  WoldCoin and Singularity have been the top 2 performers for the day, outperforming many popular and large-cap tokens. However, among these multiple AI tokens, Render (RNDR), Graph (GRT), etc. have been offering tough competition. Therefore, it would be interesting to watch which token could achieve the top performer tag by the end of the day. 

3 days ago
CryptoNewsLand
CryptoNewsLand
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XRP’s price experienced an 8% retracement to $0.53 but showed resilience amidst selling pressure. Despite lagging behind rival coins like Avalanche and Ethereum in gains, XRP saw a 7.4% increase. The trading volume for XRP dropped by 73.2% from its peak on February 15 to 22, indicating a decline in trading activity. XRP experienced a notable setback, declining by 8% to a weekly low of $0.53 on February 22nd. However, amidst this downturn, traders displayed resilience, signaling an intent to hold out for a potential rebound. A week earlier, XRP had surged to a peak of $0.58 on February 15th, driven by favorable conditions within the layer-1 crypto sector. Despite slipping below $0.55 in subsequent days, investors refrained from instigating a significant sell-off. Source: TradingView This behavior mirrored trends in other layer-1 coins like Avalanche, Solana, and Ethereum, which all witnessed substantial gains. While XRP trailed its counterparts with a 7.4% uptick, it still reached a monthly high before its retracement. On-chain data analysis revealed a prevailing bullish sentiment among XRP holders, even amidst the price decline. Notably, trading volume plummeted by 73.2% between February 15th and 22nd, while the price only dipped by 8%, indicating underlying investor confidence and anticipation of a rebound. Factors such as the overall growth in the altcoin market cap, coupled with historic peaks in Bitcoin and Ethereum prices, further supported optimism for XRP’s recovery. However, challenges remain, with resistance seen around the previous peak of $0.58 and crucial support at the $0.50 mark. The coming days will determine whether XRP bulls can defend key levels and drive the price towards a potential breakout above $0.60 or if bears will exert pressure, leading to further declines. Read also: XRP’s Path to $1.87: Expert Analyst Predicts 269% Rally Despite Recent Setbacks How Top Analyst’s Long-Term Outlook Fuels XRP Enthusiasm: $0.8888 & $1.0507 Predictions XRP’s Potential Rebound: Top Analyst Sets Targets from $0.60442 to $1.88 XRP’s Cup & Handle Pattern: A Bullish Signaling for $1.05 & $1.88 Targets XRP’s Potential $3.39 Increase, Analyst Weighs In The post XRP Bulls Stand Firm as Price Dips: Will $0.50 Be Defended? appeared first on Crypto News Land.

3 days ago
Coinpedia
Coinpedia
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The post Bitcoin Price Targets During the Upcoming Halving appeared first on Coinpedia Fintech News Bitcoin (BTC) price has consolidated between $51,300 and $52,800 since Thursday last week. The flagship coin has been flashing short-term reversal despite the heightened cash inflows to spot Bitcoin exchange-traded funds (ETFs) in the United States. Furthermore, the four-hour BTC/USD pair has gradually formed a triple top coupled with a bearish divergence on the Relative Strength Index (RSI).  Spot Bitcoin ETF Boiling Pressure Notably, the Bitcoin inflows into accumulation addresses have reached an all-time high of 25,300, according to market data from CryptoQuant. Amid the heightened demand for Bitcoin products from institutional investors, VanEck’s HODL experienced a 14x jump in daily average trading volume to around $300 million. The WisdomTree Bitcoin Fund (BTCW) experienced a 12x gain in daily trading volume in the past 24 hours to around $154 million.  BTC Price Targets Amid Upcoming Halving  #Bitcoin forming a massive Inverse H&S pattern pic.twitter.com/CVKN5zCZZv — Mags (@thescalpingpro) February 21, 2024 The fourth Bitcoin halving is about 59 days from happening, lowering the current annual inflation from 1.69 percent to 0.84 percent. Bitcoin’s price is around 33 percent from its all-time high (ATH), and the bulls show more tenacity to push higher in the short term.  According to several crypto analysts, Bitcoin price will likely push higher from current levels towards the ATH, $69,000, during the halving rally. However, experts have cautioned traders to watch for possible reversal amid heightened volatility.  Crypto analyst Mags, @thescalpingpro on X platform, highlighted that Bitcoin price could form a macro inverse head and shoulder (H&S) with a support level around $41,000. The analyst expects Bitcoin price to break out to a new ATH after the upcoming halving.

4 days ago
Osmy_CryptoT
Osmy_CryptoT
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A crypto analyst caution short traders against a correction of up to 40% in Bitcoin price before surge to $150,000 in the long-term.STORY HIGHLIGHTSBitcoin has experienced massive volatility after hot CPI and PPI reports.As the Bitcoin price sustains above $51,000, analysts have provided a bullish outlook.However, crypto analyst cautioned short-term investors against a massive correction in the BTC price.Bitcoin (BTC), the largest crypto currency, witnessed a rally beyond the $52,000 level lately. It has spurred a bullish outlook with increased optimism around Bitcoin‘s surge to $100,000. On the other hand, analysts have even provided a target of $150,000 in the long run, however, the Bitcoin price is expected to experience a correction of up to 40% before that.Analyst’s Take On 40% Correction In Bitcoin PriceRenowned cryptocurrency analyst Michaël van de Poppe has made bold predictions regarding the Bitcoin price trajectory, foreseeing a rally to $150,000 preceded by a massive pullback. In a recent analysis, Poppe emphasized the possibility of a 40% correction in the BTC price before it resumes its upward trajectory.According to Poppe, market sentiment often overshoots reality, leading to exaggerated price movements. He stated, “Sentiment is always a wrong indicator. Emotions always exceed reality and sentiment overshoots the price action by a mile, that’s why people start to lose money.” This sentiment-driven volatility has been evident in recent market movements, including Bitcoin’s surge to $50,000 and subsequent corrections.Moreover, Poppe cautioned traders and investors to adopt a strategic game plan based on their risk tolerance and investment horizon. For short-term traders, he advised caution, especially when prices have appreciated rapidly. “If your horizon is relatively short, then it might not be +EV to buy an asset that appreciated 35% in 10 days,” he remarked. Furthermore, he highlighted the importance of assessing risk-reward ratios before making trading decisions.The pullback is anticipated to come after the Bitcoin price peaks between $53,000 and $58,000. In contrast, Poppe suggested that long-term investors could benefit from waiting for a standard 20% to 40% correction before entering the market. “If your horizon is 2-3 years from now and you suspect to see Bitcoin at $150K+ in that window, then there’s no big issue of starting to scale in at these prices,” he noted. This approach will allow investors to capitalize on market dips and manage emotions effectively.Impact Of Macroeconomic Factors On BitcoinPoppe also discussed the impact of macroeconomic events on Bitcoin’s price movements, citing factors such as the Consumer Price Index (CPI) data. He warned that negative macroeconomic developments could trigger a swift bearish turn in the Bitcoin price. “Honestly, I think the moment that macroeconomic events are slightly negative, it would suggest that we’re going to see a correction,” he stated.In addition, the hot January Producer Price Index (PPI) data led to extreme volatility in the market, adding to the impact caused by the January CPI report. Despite the potential for short-term volatility, Van de Poppe expressed confidence in Bitcoin’s long-term prospects, predicting a rally to $150,000. Whilst, other analysts provided a bullish outlook for Bitcoin price as they offered a $100,000 target.At press time, the BTC price was down by 0.86% to $51,516.41 on Sunday, February 18. It boasted a market capitalization of $1.01 trillion. Whilst, the 24-hour trade volume dropped by 12.65% to $21.72 billion. The recent bearish turn in Bitcoin price could be attributed to the negative PPI report published on Friday.

7 days ago

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