Cryptocurrency Market Forecasts

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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ForkLog 7 01.07.2024

Bitcoin Faces Resistance at $65,000, Say Experts

The resistance level for Bitcoin’s current rebound could be $65,000. July is typically a strong month for digital gold, but the Mt.Gox factor may be more significant. Upcoming US presidential elections and macroeconomic data could steer the leading cryptocurrency back onto a growth trajectory. To continue its rebound from June lows, Bitcoin must surpass the […]

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ForkLog 8 28.06.2024

CryptoQuant Observes Reduced Selling Pressure from Bitcoin Miners

The supply overhang of bitcoins from miners has significantly decreased, according to data from CryptoQuant. Experts noted that this group of market participants has recently contributed to the decline in prices. The driver was the halving that took place in April, which rendered older mining devices economically inefficient. This change forced owners to sell off […]

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ForkLog 5 28.06.2024

GSR Evaluates Solana’s Growth Potential with Possible ETF Launch

Solana’s value could increase by 1.4 to 8.9 times if spot exchange-traded funds based on the cryptocurrency are approved in the United States. These estimates were presented by market maker GSR. “Changes are already happening because Donald Trump has once again started supporting the industry. This has forced Democrats to soften their stance on digital […]

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ForkLog 7 25.06.2024

Bitcoin Miners Face ‘Survival Game’ Amidst Falling Hashpower

With the current hashprice at $0.05 per TH/s per day, many miners of the leading cryptocurrency are facing significant challenges, according to Upstream Data’s client manager, Adam Ortolf. So far this difficulty epoch it looks like #bitcoin hashpower has fallen off a cliff. Avg blocktime over the last 460 blocks has been 647sec or almost […]

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ForkLog 32 24.06.2024

Anthony Scaramucci Predicts Ethereum Could Reach $12,000

Ethereum’s price could soar to $10,000–12,000, according to Anthony Scaramucci, CEO and founder of SkyBridge Capital. During an appearance on the Unchained podcast, the entrepreneur suggested Bitcoin could reach values between $170,000 and $250,000. Scaramucci believes the decisive factor will be the adoption of the leading cryptocurrency as an asset class by institutional players. “It […]

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ForkLog 8 24.06.2024

Raoul Pal Anticipates Bitcoin Surge in Late 2024

Former Goldman Sachs CEO Raoul Pal has forecasted a significant rise in Bitcoin and the broader cryptocurrency market in the fourth quarter of 2024. In an appearance on the podcast The Wolf Of All Streets with Scott Melker, the investor noted that risky assets like Bitcoin typically rally around the time of U.S. presidential elections. […]

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ForkLog 7 24.06.2024

Analyst Disputes Bitcoin Miners’ Capitulation Post-Halving

Known by the pseudonym Checkmatey, Glassnode analyst James Check questioned the notion of Bitcoin miners capitulating after the halving, though he acknowledged they are “treading water.” “We are in a period of ‘Difficulty Ribbon’ inversion, and blocks are being generated 14 seconds slower than they should be. This indicates there is less hash rate in […]

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ForkLog 13 19.06.2024

Bitcoin Faces Potential Drop to $60,000 if $65,800 Support Breaks, Says CryptoQuant

Bitcoin has neared the aggregate breakeven level for speculators (~$65,800). This mark will act as support, and if breached, could trigger a correction down to $60,000, according to analysts at CryptoQuant, reports The Block. Experts believe that traders closing arbitrage deals have intensified downward pressure on the price of the leading cryptocurrency. Currently, the market […]

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ForkLog 7 18.06.2024

Binance CEO Predicts Bitcoin Surpassing $80,000 by Year-End

Richard Teng, CEO of the leading cryptocurrency exchange Binance, shared his belief during a conversation with Bankless that the price of the leading cryptocurrency will surpass $80,000 by the end of the year.

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ForkLog 12 18.06.2024

Peter Schiff Highlights Bitcoin ETF Risks

Peter Schiff, President of Euro Pacific Capital, has outlined a potential hedge fund strategy that could lead to the collapse of Bitcoin and MicroStrategy. I wonder how many #Bitcoin or Bitcoin ETFs were bought by hedge funds shorting MicroStrategy. If $MSTR tanks and funds unwind those trades, they will be big sellers of Bitcoin and […]

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ForkLog 17 14.06.2024

Bernstein Predicts Bitcoin to Reach $200,000 by End of 2025

Analysts at Bernstein have raised the target price for the leading cryptocurrency to $200,000 by the end of 2025, up from $150,000. This was reported by The Block. The forecast is driven by expectations of “unprecedented demand from bitcoin-based spot exchange-traded funds” managed by BlackRock, Fidelity, Franklin Templeton, and others. “We believe that ETFs have […]

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