Cryptocurrency Market Forecasts

ForkLog 5 03.10.2024

Standard Chartered Highlights Bitcoin’s Potential Dip Below $60,000 Amid Geopolitical Tensions

On October 3-4, Bitcoin may fall below the $60,000 level due to escalating geopolitical tensions, creating an opportunity for accumulation. This was stated by Standard Chartered, according to The Block. Experts emphasized that the leading cryptocurrency does not serve as a haven from geopolitical stress. “Gold provides such a hedge. Bitcoin acts as insurance against […]

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ForkLog 5 03.10.2024

QCP Capital Predicts Bitcoin May Drop to $55,000 Amid Geopolitical Tensions

Despite escalating geopolitical tensions in the Middle East, investor sentiment remains positive, according to QCP Capital. “Geopolitics […] may capture attention, but the shallow sell-off following the conflict’s escalation suggests the market still favours risk assets. This minor setback should not distract from the bigger picture,” the experts noted. Analysts warned that further deterioration in […]

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ForkLog 16 02.10.2024

Canaccord Predicts Cryptocurrencies to Outpace Stocks in Growth

A rally in the leading cryptocurrency is inevitable if its post-halving pattern remains relevant, according to a report by Canaccord, as reported by CoinDesk. Historically, a bull run has emerged 6–12 months after the reward is halved, with the ATH forming another 2–6 months later, experts explained. Analysts believe the dominant position of digital gold […]

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ForkLog 10 02.10.2024

CryptoQuant Predicts Bitcoin Surge Amid Fiat Influx into Stablecoins

Between August and September, stablecoin capitalization increased by $8.73 billion, signaling a bullish trend. Institutional investors are converting funds into stablecoins in light of the Federal Reserve’s monetary policy easing cycle. The CEO of Tether described USDT and the dollar as “friends.” The rise in stablecoin capitalization during August and September could extend the upward […]

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ForkLog 9 01.10.2024

QCP Capital Anticipates Continued Bitcoin Growth in October

Stimulus measures from China’s central bank and a rate cut by the Fed are expected to maintain optimism towards risk assets, including stocks and bitcoin, in October, according to QCP Capital, reports The Block. Analysts noted a 7.3% increase in the price of digital gold in September, defying seasonal trends. Data: Coinglass. This performance was […]

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ForkLog 8 30.09.2024

Fed Chair’s Speech and US Employment Data to Influence Bitcoin’s Trajectory

The upcoming speech by Federal Reserve Chair Jerome Powell on September 30 and the US employment report at the end of the week are poised to be pivotal factors for the cryptocurrency market in the coming days, according to The Block. Rachel Lucas from BTC Markets attributed the retreat from the $66,500 mark reached on […]

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ForkLog 30 28.09.2024

Bitcoin’s Path to $70,000: A Forecast by 10X Research

The likelihood of a Bitcoin rally in the fourth quarter is “exceptionally high,” with the most significant growth expected at the initial stage, according to Marcus Thielen, founder and CEO of 10x Research. FOMO is Back: Are You Holding Enough Bitcoin and Altcoins to Ride the Next Wave? ?1-11) Since the Fed’s September rate cut, […]

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ForkLog 15 27.09.2024

Grayscale Identifies 20 Promising Cryptocurrencies for Year-End Growth

Analysts at Grayscale have updated their list of 20 digital assets poised to outperform the market in the fourth quarter. Following the latest rebalancing, experts added SUI, TAO, OP, HNT, CELO, and UMA to the “model portfolio.” Removed from the list were RENDER, MNT, RUNE, PENDLE, ILV, and RAY. Data: Grayscale. The analysts reviewed hundreds […]

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ForkLog 23 27.09.2024

Bitcoin Defies Seasonal Trends with a Stellar September

In September, the price of Bitcoin surged by over 10%, contrasting sharply with the typical average decline of 5.9% for this month, according to Bloomberg. Source: Bloomberg. The altcoin index rose by over 20% due to easing financial conditions amid a global wave of interest rate cuts by the Fed, ECB, and PBOC. On September […]

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ForkLog 8 26.09.2024

Standard Chartered Highlights Bullish Signals for Bitcoin

The reduction in the inversion of the US Treasury yield curve is creating conditions for strengthening positions in risk assets, including bitcoin. This conclusion was reached by Standard Chartered, reports The Block. The optimism was spurred by the Federal Reserve’s decision to cut the key rate by 50 basis points following the meeting on September […]

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ForkLog 26 26.09.2024

PlanB Envisions Bitcoin Reaching $70,000 in October and $1 Million by 2025

In October, digital gold is projected to rise to $70,000, with the potential to reach $150,000 by the end of the year, according to analyst PlanB. Not a prediction, not a call, not an expectation, not a target … some people forgot to read “just a scenario”? https://t.co/ltmBQ03toe — PlanB (@100trillionUSD) September 25, 2024 The […]

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ForkLog 32 25.09.2024

QCP Capital Sees Potential Cryptocurrency Surge Amid Chinese Stimulus

China is poised to introduce additional stimulus measures, which could bolster the growth of risk assets, including cryptocurrencies, according to QCP Capital. On September 24, the People’s Bank of China (PBOC) announced monetary policy easing, including rate cuts on several instruments and a reduction in reserve requirements. This latest move has freed up approximately 1 […]

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