Cryptocurrency Market Forecasts

ForkLog 9 13.06.2024

10x Research Predicts Bitcoin Rally Amid Fed’s Policy Shift

Bitcoin is poised to resume its upward trajectory as inflation eases, according to 10x Research, reports CoinDesk. “Our recommendation remains unchanged: stick with the winners (Bitcoin) and avoid the others (Ethereum and others). Our previous analysis showed that a decline in the consumer price index typically leads to an increase in the price of the […]

AI translated

ForkLog 14 12.06.2024

Bitwise Predicts $20 Trillion GDP Boost from Cryptocurrencies and AI

By 2030, the global GDP is expected to increase by $20 trillion due to the digital assets and artificial intelligence industries. This perspective was expressed by Juan Leon, a senior cryptocurrency research analyst at Bitwise. As a potential collaboration between the two sectors, the expert highlighted partnerships between miners and AI companies. The AI boom […]

AI translated

ForkLog 61 12.06.2024

K33 Research Warns of High Risk for Crypto Traders Ahead of Fed Meeting

The cryptocurrency market is “highly exposed to risk” ahead of key inflation data and the Federal Reserve meeting. The Committee’s rate trajectory forecast and Jerome Powell’s press conference predictions will significantly impact prices. Clients of unregulated crypto derivatives platforms remain “highly exposed to risk,” increasing the potential for long liquidations ahead of key macroeconomic events, […]

AI translated

ForkLog 10 08.06.2024

BitGo CEO Predicts Bitcoin to Reach $135,000 by Year-End

By the end of 2024, the leading cryptocurrency is expected to be valued between $125,000 and $135,000, according to Mike Belshe, CEO of crypto custodian BitGo, in an interview with Kitco News. He believes one of the catalysts for bitcoin’s growth will be the high level of U.S. government debt. “Our macroeconomic climate continues to […]

AI translated

ForkLog 13 07.06.2024

Bitfinex Predicts Bitcoin’s Bull Run Peak by Late 2024

During the current bull market, the price of the leading cryptocurrency is expected to reach its peak at some point in the fourth quarter of 2024. This conclusion was drawn by Bitfinex, reports The Block. “Past data indicates that Bitcoin typically reaches a new ATH several months after the halving,” explained the experts. Experts noted […]

AI translated

ForkLog 5 07.06.2024

Arthur Hayes Advocates Bitcoin Investment Amid Rate Cut Cycle

Long positions in Bitcoin, and later in altcoins, are advisable, according to former BitMEX CEO Arthur Hayes, who cited a shift in the macroeconomic landscape in his recommendation. The expert highlighted the outcomes of the G7 finance ministers and central bank governors’ meeting. One topic discussed was the weakness of the Japanese yen against other […]

AI translated

ForkLog 13 06.06.2024

Robert Kiyosaki Predicts Bitcoin to Hit $350,000 by August 2024

Robert Kiyosaki, the author of the bestseller “Rich Dad, Poor Dad” and an entrepreneur, has forecasted that the price of the leading cryptocurrency will reach $350,000 by August 25. BITCOIN will be $350,000 by August 25, 2024 is not a lie. It’s a prediction. It’s speculation, it’s an opinion, but it’s not a lie. It’s […]

AI translated

ForkLog 6 06.06.2024

Standard Chartered Predicts Bitcoin to Reach $100,000 Before US Elections

Bitcoin is projected to rise to $100,000 by November, with a new all-time high potentially being set as early as this weekend, according to Standard Chartered, reports The Block. This early formation of a new ATH could be driven by “favorable” US employment data on June 7. In such a scenario, the digital gold’s price […]

AI translated

ForkLog 12 06.06.2024

QCP Capital: Bitcoin Options Market Bets on Surge to $74,000

A surge in the purchase of bitcoin call options expiring at the end of June above $74,000 indicates heightened expectations for a “decisive breakthrough” of the historical peak. This conclusion was reached by QCP Capital, as reported by The Block. There is a concentration of calls at the $75,000 strike price. On June 5, the […]

AI translated

ForkLog 8 04.06.2024

Hash Ribbons Indicator Signals Bitcoin Buying Opportunity

The Hash Ribbons indicator is issuing an “optimal signal” for purchasing digital gold in the coming weeks, suggesting a renewal of the asset’s rally, according to Charles Edwards, founder of Capriole Investments. Hash Ribbons is back. Perhaps the best long-term Bitcoin buy signal there is, Hash Ribbons is now tempting us with a new Miner […]

AI translated

ForkLog 10 04.06.2024

Crypto Holders Retain Bitcoin Amid $70,000 Surge

Following Bitcoin’s price touching $70,000, more than half of the coins remain inactive, indicating long-term confidence in the asset. This conclusion was reached by CryptoQuant, reports CoinDesk. The lack of on-chain movements of such a high proportion of supply may suggest further price increases, experts added. In other words, the sentiment remains “stubbornly bullish.” “Despite […]

AI translated

ForkLog 7 04.06.2024

Analyst Predicts Reduced Volatility for Bitcoin and Ethereum

The current implied volatility values for Bitcoin and Ethereum options suggest a calm outlook for the cryptocurrency market in the coming weeks, according to Deribit’s Chief Commercial Officer Luuk Strijers, as reported by The Block. This metric for the leading cryptocurrency has significantly decreased since mid-May. Source: The Block. Analysts at QCP Capital also noted […]

AI translated

#Cryptocurrency Market Forecasts