Here’s Why Analysts Think Bitcoin Will Rally Towards $17,000 by EOY
Bitcoin’s price has been caught within a consolidation phase around $13,000 ever since it was rejected at its recent highs of $13,200 This is around the price at which it has been trading throughout the past few days, with buyers and sellers being unable to take control of its near-term trend Yesterday, bulls did attempt to set fresh yearly highs and kickoff a leg higher, but it resulted in a rejection This shows that buyers […]
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Bitcoin traders and analysts are sticking to their conviction that the cryptocurrency's price will hit at least $70,000 in the coming sessions.
Much of bitcoin’s recent rally has been attributed to the tremendous success of the first bitcoin ETF to trade on Wall Street. The ProShares ETF had seen over $1 billion in trading volume in the first 24 hours alone. However, JPMorgan analysts do not believe that this is the driving force behind BTC breaking a […]
The XRP price has been characterized by bullish predictions throughout this month. Crypto analysts have put forward countless analyses about why the altcoin is poised for a massive rally. Another analyst has joined the ranks of the bullish, putting the XRP price as high as $250. Here’s When The XRP Price Will Get To $250 […]
Ethereum has enjoyed a massive rally over the past two days despite some weakness on the part of Bitcoin. The leading cryptocurrency has rocketed from the $500 region to highs near $600 as of this article’s writing. ETH currently trades at $590, dropping slightly as Bitcoin shows some weakness after an impressive 70% rally. Ethereum […]
Crypto analysts are pushing back against the narrative that the current BTC rally is being fuelled by a liquidity crunch afflicting bitcoin mining pools in China. The liquidity crunch, which is caused by an ongoing regulatory crackdown in that country, has reportedly left miners unable to sell their BTC holdings. Miners Are Selling The analysts are instead backing a counter-narrative which points to institutional investor interest as the reason for the current BTC rally. Using data to support their assertions, the analysts suggest that the current bull run, which has different....