Cryptocurrency Market Forecasts

ForkLog 7 18.10.2024

Matrixport Links Bitcoin Surge Beyond $70,000 to Trump’s Potential Victory

Analysts at Matrixport have deemed their February forecast of Bitcoin reaching $70,000 by year-end as “too conservative.” The price could surpass this mark amid the U.S. elections. #MatrixOnTarget Report? — Oct 18: $70,000 Year-End #Bitcoin Target Likely Too Conservative#Matrixport #Crypto #cryptomarket #MarketWatch #CryptoInvestors #BTC pic.twitter.com/n2LZDcsOoW — Matrixport Official English (the only official X) (@Matrixport_EN) October […]

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ForkLog 7 16.10.2024

JPMorgan Identifies Cryptocurrency Growth Drivers for Year-End

The potential return of Donald Trump to the U.S. presidency and the need for a hedge against economic instability create favorable prospects for Bitcoin in 2025, according to JPMorgan, as reported by The Block. Analysts suggest that amid rising geopolitical tensions and the upcoming U.S. elections, speculative institutional investors may consider gold and the leading […]

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ForkLog 8 15.10.2024

Bernstein Links Bitcoin Rally to Trump’s Rising Election Odds

Bernstein attributes the bullish sentiment to Donald Trump’s lead over Kamala Harris in the presidential race. Standard Chartered highlights the potential for Bitcoin to return to its ATH before the US elections. The surge in Bitcoin’s price is linked to the increasing chances of Republican candidate Donald Trump securing the presidency, according to Bernstein, as […]

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ForkLog 8 15.10.2024

Indicators Point to Rising Bullish Sentiment Among Bitcoin Investors

The funding rate for perpetual bitcoin contracts has reached a multi-month high, indicating bullish sentiment in the short to medium term, according to The Block. The metric, weighted by open interest, has reached 0.012%. The last time such a high level was observed was on July 27, when the price of the leading cryptocurrency rose […]

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ForkLog 9 11.10.2024

Whales Accumulate 1.5 Million BTC in Anticipation of a Rally

Investors holding more than 1,000 BTC have amassed an additional 1.5 million coins over the past six months, noted CryptoQuant analyst Axel Adler Jr. 1.5M BTC has been accumulated by whales (with >1K BTC on balance) over the last 6 months. There’s really nothing to discuss here. pic.twitter.com/7cAVWVEK15 — Axel ?? Adler Jr (@AxelAdlerJr) October […]

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ForkLog 6 09.10.2024

Bitwise Outlines Conditions for Bitcoin to Surpass $80,000 by Year-End

A Trump victory in the U.S. elections, a 50 basis point rate cut by the Fed with new stimuli from China, and a lack of major surprises in the industry are the conditions for bitcoin to rise above $80,000 by the end of the year, according to Bitwise, reports The Block. Matt Hougan, the company’s […]

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ForkLog 12 09.10.2024

Glassnode Warns of Increased Volatility in Cryptocurrency Market

The cryptocurrency market may face heightened volatility due to liquidation risks and an uncertain macroeconomic landscape, according to Glassnode. Following a 10% price correction, the #Bitcoin market has rebounded back to the $63k level in an attempt to reclaim the critical Short-Term Holder cost-basis. Discover more in the latest Week On-Chain below?https://t.co/E3bufV5aaE pic.twitter.com/BUFi1friu9 — glassnode […]

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ForkLog 72 09.10.2024

Solana’s Potential Fivefold Surge Hinges on Trump’s Victory, Say Experts

By the end of 2025, Solana could increase fivefold if Republican candidate Donald Trump wins the U.S. presidential election, according to Standard Chartered, as reported by The Block. In this scenario, digital gold would quadruple in value, while Ethereum would triple. Experts added that if Democrat Kamala Harris takes the White House, Bitcoin would outperform […]

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ForkLog 8 07.10.2024

QCP Capital Highlights Inflation Data’s Impact on Bitcoin’s Trajectory

Consumer inflation data in the United States on October 10 will determine the Federal Reserve’s next move following its November meeting, according to QCP Capital. 5/ Read more about the week ahead here: https://t.co/EnPoo2suiA — QCP (@QCPgroup) October 7, 2024 Experts noted that a strong employment report on October 4 led to a reduction in […]

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ForkLog 12 07.10.2024

NYDIG Identifies Factors Sustaining Bitcoin’s Rally

Since the beginning of the year, Bitcoin has appreciated by 49.2%, demonstrating the best performance among key assets. According to NYDIG, several drivers could extend this upward momentum into the fourth quarter. NYDIG: Bitcoin remains the best-performing asset so far this year with a year-to-date gain of 49.2%. The upcoming US election on Nov. 5 […]

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ForkLog 60 04.10.2024

Expert Advocates Buying Bitcoin Amidst Decline

The current correction in Bitcoin is “insubstantial” compared to previous price pullbacks and should be seen as an opportunity to increase long positions, according to Quinn Thompson, CEO of Lekker Capital. I don’t usually give very short-term views, but seems like a no-brainer to be bidding this area with clear invalidation on the back of […]

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ForkLog 37 03.10.2024

CoinMarketCap Predicts Early End to Bitcoin’s Bull Cycle

The growth phase of Bitcoin has accelerated by 100 days in the current cycle. Bitcoin is expected to peak in May-June 2025. The cryptocurrency may enter a “supercycle” phase. The fourth quarter is traditionally bullish for Bitcoin. The bullish phase of Bitcoin has accelerated, outpacing historical data by 100 days, according to CoinMarketCap’s (CMC) third-quarter […]

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