Cryptocurrency Market Forecasts

ForkLog 11 09.11.2024

Tom Lee Anticipates Bitcoin Surpassing $100,000 by Year-End

By the end of 2024, the price of the leading cryptocurrency is expected to soar to “six-digit figures.” This view was expressed by Tom Lee, co-founder of the analytical firm Fundstrat, in an interview with CNBC. “It will be difficult to correct the [budget] deficit solely through changes in taxes and spending. But this is […]

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ForkLog 8 08.11.2024

Bitcoin Shows No Signs of Overheating, Says Expert

From a fundamental perspective, bitcoin does not exhibit “signs of overheating,” according to a report by Galaxy Digital, as reported by Cointelegraph. The expert noted the absence of a spike in funding rates for perpetual contracts and a moderate increase in OI across crypto derivatives. Data: Coinglass. According to Galaxy Digital, bitcoin and other cryptocurrencies […]

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ForkLog 4 06.11.2024

Bitcoin’s Prospects Brighten Amid Trump’s Electoral Victory

The cryptocurrency community has greeted the news of Donald Trump’s victory in the U.S. presidential race with optimism. Amid the contest between Democrats and Republicans, Bitcoin has reached a new all-time high of $75,400. New Incentives Trump’s arrival, positioning himself as a proponent of digital assets, is associated with new incentives and opportunities for the […]

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ForkLog 7 05.11.2024

Bitcoin’s Path Out of Consolidation Hinges on US Election Outcome, Says Expert

The price of digital gold is unlikely to break out of consolidation until the uncertainty surrounding the US presidential election winner is resolved. On election night, the movement of the first cryptocurrency’s rate could be 3.5% in either direction. Without a new catalyst, altcoins are unlikely to emerge from “apathy.” Regardless of the outcome of […]

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ForkLog 10 04.11.2024

Bernstein Predicts Bitcoin’s Trajectory Post-Trump or Harris Victory

Should Donald Trump be elected President of the United States, the leading cryptocurrency is expected to surpass its ATH and reach $80,000-$90,000, while a Kamala Harris victory could see it fall to $50,000. This forecast was made by Bernstein analysts, as reported by The Block. If the outcome is favourable for Bitcoin, the asset could […]

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ForkLog 5 04.11.2024

Bitcoin’s Potential Local Bottoms Ahead of US Elections

The options market anticipates a new all-time high for Bitcoin by the end of November and increased volatility post-US elections. Traders have noted the possibility of Bitcoin’s price retreating to $65,000 before a rebound. The price of Bitcoin is expected to hit $66,200 before a rebound ahead of the US presidential elections, according to trader […]

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ForkLog 7 04.11.2024

Analyst Predicts Altcoin Decline Before Surge

The “grand finale” for altcoins is nearing its end, suggesting a correction is imminent before a sharp rebound, according to crypto analyst and ITC Crypto founder Benjamin Cowen. It looks like the grand finale of the altcoin reckoning has finally arrived. The altcoin reckoning should be over by December 2024 (2nd week of January 2025 […]

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ForkLog 10 04.11.2024

21Shares Likens Ethereum to Amazon in the 1990s

Ethereum holds the potential akin to Amazon in the early 1990s, which grew into a tech giant with a $2 trillion market cap. This conclusion was drawn by 21Shares, as reported by Cointelegraph. “Just as Amazon moved beyond the book business and redefined entire industries, Ethereum might surprise us with revolutionary use cases that we […]

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ForkLog 10 01.11.2024

Bitcoin Gains 14% in October but Faces November Correction

Bitcoin’s price rose by approximately 14% in October. As November began, the cryptocurrency experienced a correction, yet traders remain optimistic about a continued upward trend. 4-hour BTC/USDT chart from Binance. Data: TradingView. On October 29, Bitcoin’s price reached $73,620 (on Binance), nearing its historical peak from March. As the third month of autumn began, the […]

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ForkLog 7 31.10.2024

Bitcoin Volatility Predicted Amid US Election by Standard Chartered Expert

In the days leading up to the US elections, the price of Bitcoin may decline, followed by increased price volatility. This opinion was expressed by Standard Chartered researcher Jeff Kendrick. Despite testing levels around $73,500, the leading cryptocurrency has yet to surpass the record high set in March above $73,700. Kendrick believes that pre-election volatility […]

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ForkLog 17 30.10.2024

Bitwise Predicts Bitcoin Surge to $200,000

Bitwise’s Chief Investment Officer, Matt Hougan, has suggested that the price of the leading cryptocurrency could rise to $200,000. He stated that a collapse of the US dollar is not a prerequisite for this increase. 1/ A financial advisor asked me a great question over dinner last week: Does the U.S. dollar need to collapse […]

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ForkLog 7 29.10.2024

Arthur Hayes Identifies China’s Economy as Key Driver for Bitcoin Price Surge

Demand for Bitcoin is set to soar due to the inevitable economic stimulus measures by Chinese authorities, according to former BitMEX CEO Arthur Hayes in a new essay. “加油比特币 — Let’s Go Bitcoin” is an essay about how China’s stimulus will pump trillions of $ into the financial markets and levitate #crypto.https://t.co/oUg4exFp1V pic.twitter.com/a20WdIwu20 — Arthur […]

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