Cryptocurrency Market Forecasts

ForkLog 11 17.07.2024

Bitwise Predicts Ethereum Surge Beyond $5000 Following ETF Launch

The introduction of exchange-traded funds (ETFs) based on Ethereum’s spot price is expected to propel the cryptocurrency’s value to historic highs above $5000, according to a report by CoinDesk, citing Bitwise. Matt Hougan, the company’s Chief Investment Officer, noted that initial price movements might be volatile due to fund outflows from the Grayscale Ethereum Trust. […]

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ForkLog 14 16.07.2024

Spot Ethereum-ETF Launch Date Announced

Senior Bloomberg exchange analyst Eric Balchunas has announced that trading of spot ETH-ETFs in the United States will commence on July 23. Update: Nate’s instincts were right, hearing SEC finally gotten back to issuers today, asking them to return FINAL S-1s on Wed (incl fees) and then request effectiveness on Monday after close for a […]

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ForkLog 8 15.07.2024

Ethereum’s Potential for Outpacing Growth Highlighted by Analyst

Retail investors are underestimating Ethereum (ETH), which could reach a new peak faster than other assets, according to MN Trading founder Michaël van de Poppe. Will the #Altcoins ever rally again? I think so. I think they’ll be starting to rally in the coming period, and yes, I’ve been getting hammered on my portfolio for […]

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ForkLog 10 15.07.2024

Bitcoin’s Ascent Predicted Amid Federal Reserve’s Influence

Experts noted traders shifting focus from Mt.Gox and German government sales to the incident involving US presidential candidate Donald Trump and macroeconomic statistics. On-chain analysts observed bitcoin whales accumulating coins. With the conclusion of sales by German authorities and the Mt.Gox factor largely priced in, bitcoin is poised to reclaim lost ground in the coming […]

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ForkLog 9 11.07.2024

Bitwise CIO Predicts Bitcoin Surge to $100,000 by Year-End

The distribution of Mt.Gox assets, sales by German authorities, and the potential sale of coins seized from Silk Road will not hinder Bitcoin’s rise to $100,000 by the end of the year, according to Bitwise CIO Matt Hougan, as reported by The Block. The expert believes these factors will have only a short-term impact, exacerbated […]

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ForkLog 13 05.07.2024

Peter Schiff Predicts Ethereum’s Decline to $1500

Peter Schiff, President of Euro Pacific Capital, has forecast a significant drop in the price of Ethereum (ETH) to $1500. #Ethereum is also breaking key support. It’s trading below $2,900, down 30% from its March high. I think a crash down to $1,500 is coming. It looks like those buying the #Ether ETF rumors couldn’t […]

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ForkLog 72 05.07.2024

Altseason? In short: never

In 2017 the first true altseason arrived, when Ethereum and other coins posted bigger market-cap gains than bitcoin. Many assumed digital gold would yield pole position to upstart projects. Those hopes did not pan out. Still, a measure of cyclicality emerged in subsequent years. Reading recent charts, analysts expect another upswing in altcoins. Oleg Cash […]

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ForkLog 10 04.07.2024

Bitcoin’s Potential Drop to $50,000 Raises Concerns

A “double top” reversal pattern is forming on the Bitcoin chart. Miners, ETF buyers, and hodlers are selling, with a reversal possible if stablecoin supply increases. Investors continue to bet on ETH-ETF approval by purchasing call options for September-December. A sharp decline in Bitcoin may not stop at $57,000 and could push the price down […]

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ForkLog 7 04.07.2024

Bitcoin Dips Below $57,000 as Experts Warn of Further Decline

On the morning of July 4, the price of the leading cryptocurrency briefly fell below $58,000, a level last seen in February. Within an hour, prices dropped by 3.8% on increased volumes due to $69 million in liquidations, according to Coinglass. 15-minute BTC/USDT chart on Binance. Data: TradingView. Update: As of 12:25 (Kyiv/Moscow), the price […]

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ForkLog 6 03.07.2024

QCP Analysts Foresee Potential Bitcoin Rally Resurgence

Despite the price correction of leading cryptocurrencies, the options market remains heavily skewed towards growth. This suggests the possibility of a rally restart by the end of the year, noted analysts at QCP Capital.

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ForkLog 9 03.07.2024

Key Levels That Could Revive Bitcoin’s Momentum

A decisive breakthrough of Bitcoin above $64,000 would return a significant volume of coins held by short-term investors to profitability, potentially reigniting its growth trajectory. This conclusion was reached by Glassnode. Analysts have warned of the potential for a strong directional price movement amid historically strong volatility compression. From the perspective of the MVRV ratio, […]

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ForkLog 7 03.07.2024

Standard Chartered Predicts Bitcoin’s New Peak in August

Bitcoin could reach a new all-time high in August, potentially rising to $100,000 by the U.S. presidential elections in November, according to a forecast by Standard Chartered, as reported by The Block. The scenario’s realization hinges on Joe Biden’s prospects in the presidential race. His continued participation would enhance the chances of a victory for […]

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