Cryptocurrency Market Forecasts

ForkLog 14 30.08.2024

Bitcoin Retreats to $59,000 Amid ETF Inflow Weakness

Negative trends in BTC-ETF persisted for the third consecutive day. The total exchange balance of bitcoins fell to a new low for the year. Traders remain cautious ahead of U.S. labor market data on September 6. On August 29, net outflows from spot bitcoin ETFs amounted to $71.7 million, according to SoSoValue. This was one […]

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ForkLog 12 28.08.2024

Bitcoin Slips Below $60,000 Mark

In the early hours of Wednesday, August 28, the price of the leading cryptocurrency fell below the psychological threshold of $60,000. The decline was exacerbated by the triggering of stop orders, as indicated by the increased trading volume. 15-minute BTC/USDT chart on Binance. Data: TradingView. At the time of writing, Bitcoin is trading at $59,200, […]

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ForkLog 11 27.08.2024

Bitcoin Analyst Predicts ‘Mad Season’ with $150,000 Target

The leading cryptocurrency is poised to enter a “mad season,” during which its price could soar to $150,000 by the end of 2024, according to Real Vision analyst Jamie Coutts. Unless something fundamentally has changed, we are entering what @RaoulGMI refers to as the ?zone, or what I would describe as #Bitcoin batshit season. pic.twitter.com/pMxk49ATtq […]

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ForkLog 8 27.08.2024

Bitcoin Expected to Trade Sideways Between $62,000 and $67,000

Market uncertainty is likely to keep the price of the leading cryptocurrency within a narrow range of $62,000 to $67,000 in the near term, according to QCP Capital. QCP: Post-Jackson Hole, the desk saw aggressive Call Spread buying, but also witnessed heavy selling of calls around the 100k strike out to Mar 2025. While the […]

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ForkLog 9 20.08.2024

Analysts Highlight Conditions for Bitcoin Bull Run Resurgence

The wave of long position liquidations has subsided, suggesting that Bitcoin may approach its ATH post-U.S. elections, driven by a liquidity influx. This is reported by Cointelegraph, citing analysts. “[There is] a typical seasonal pattern where the first cryptocurrency usually struggles for one to three months following the April halving,” stated Matthew Sigel, head of […]

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ForkLog 11 19.08.2024

Nansen Attributes Ethereum Decline to Market Sentiment Shift

The waning optimism among Ethereum investors has played a more significant role than the outflow from ETFs linked to the second-largest cryptocurrency by market capitalization. This conclusion was reached by Nansen, reports Cointelegraph. Analysts associated the reduced risk appetite of market participants with the release of macroeconomic statistics. According to experts’ calculations, since the start […]

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ForkLog 14 16.08.2024

Bitcoin Chart Forms ‘Death Cross’ Indicating Potential Sell-Off

The decline of Bitcoin’s price below $58,000 has led to the formation of a ‘death cross,’ a sign of a potential new wave of selling. #Bitcoin just printed a bearish cross on the daily chart, with the 50 MA crossing below the 200 MA, signaling short-term weakness in the market. This is the second bearish […]

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ForkLog 11 14.08.2024

Solana’s Path to $190: A More Realistic Outlook

The rise of Solana to $190 appears more realistic than reaching $300-1000, due to competition with Ethereum’s L2 and the risk of diminishing hype around meme coins. The Firedancer update could set a new standard for blockchain scalability. Expert forecasts for Solana’s price range from $300 to $1000, yet on-chain data suggests a more realistic […]

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ForkLog 17 13.08.2024

Arthur Hayes Predicts Bitcoin Surge to $100,000 by Year-End

The value of the leading cryptocurrency is expected to recover from a yen-induced decline and rise to $100,000. This forecast was presented by former BitMEX CEO Arthur Hayes. In a new essay, the expert explained the impact of U.S. Treasury borrowing and the monetary policy of the Fed on the amount of available liquidity for […]

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ForkLog 6 10.08.2024

Bitcoin’s Path to $100,000 Hinges on Trump’s Election Victory, Says Expert

Bitcoin’s price could surpass $100,000 if Donald Trump wins the US presidential election, according to Michael Terpin, founder of Transform Ventures, as reported by CoinDesk. “Now that the Bank of Japan has indicated it does not plan further interest rate hikes, and Jump Trading runs out of coins to sell, as happened with Germany a […]

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ForkLog 17 07.08.2024

Arthur Hayes: Bitcoin’s Fate Unaffected by Harris or Trump

One can think and say the “right things” about transforming the financial system, but regardless of whether Harris or Trump becomes the next U.S. president, they will face resistance from TradFi. This was stated by former BitMEX CEO Arthur Hayes in an interview with DL News. The entrepreneur noted that all cryptocurrency companies’ donations to […]

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ForkLog 11 07.08.2024

Experts Identify Key Level for Potential Correction Phase

The price of the leading cryptocurrency has reclaimed the crucial support at $56,000, yet uncertain trading suggests risks of resuming a downward trend. This is according to a report by CryptoQuant, as noted by The Block. According to analysts, the MVRV indicator has fallen below the 365 DMA, which in previous cycles signaled a continuation […]

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