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Not All Analysts Think Bitcoin Is Poised to Crash
Bitcoin has begun to show signs of weaknesses after a crazy rally from $11,000 to $24,000. The drop has made some suggest that a strong move lower is on its way. But on a near-term basis, not everyone is convinced that Bitcoin is done rallying just yet. Bitcoin Isn’t Poised to Crash, Say Some Analysts Bitcoin has begun to show signs of weaknesses after a crazy rally from $11,000 to $24,000. The leading cryptocurrency currently […]
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The recent rejection at the $100,000 has prompted a wave of warnings from leading financial analysts, who caution that Bitcoin could be poised for a significant pullback toward the $70,000 region or, in some cases, even $60,000. Ali Martinez (@ali_charts), a crypto analyst, compiled the viewpoints of several market veterans on X , offering a multi-perspective take on the likelihood of an impending correction. Bitcoin Price Crash Incoming? One of the voices in this discussion is Tone Vays, a well-known trader who has expressed grave concerns about Bitcoin’s trajectory. Vays conveyed that....
Ethereum has undergone a strong rally over the past 48 hours as the crypto market has bounced back from the weekly lows. The price of ETH currently is $473, up 5% in the past 24 hours alone. Analysts expect further gains as the asset looks poised to close a daily candle above $482, which should trigger a move above $500. Ethereum Set to Explode Past $500, Analysts Say Ethereum has undergone a strong rally over […]
Economist and gold bug Peter Schiff has made some dire predictions about cryptocurrency, particularly bitcoin and ether. He explained that “The need to sell bitcoin to pay the bills will only get worse as the recession deepens,” adding that bitcoin is poised to crash to $20K while ether will sink to $1K. Peter Schiff Shares Future Outlook for Bitcoin, Ether, Crypto Gold bug Peter Schiff, the chief economist and lead strategist at Euro Pacific Capital and founder of Schiffgold, has made some dire predictions about bitcoin, ether, and the crypto market in general. He tweeted....
Bitcoin (BTC) has had a volatile 24 hours, plunging from $99,500 to as low as $91,231 amid mounting concerns over impending US trade tariffs on Canada, Mexico, and China. However, some crypto analysts see this sharp decline as a buying opportunity, suggesting that BTC may be oversold and poised for a rebound. Is Bitcoin Poised For A Relief Rally? Yesterday, the crypto market experienced one of its largest sell-offs in history, with over $2.3 billion in liquidations affecting more than 742,000 traders. This level of liquidations surpasses those seen during the COVID market crash in March....
Bitcoin underwent a mini flash crash on Wednesday as its price fell from $59,400 to nearly $57,000 in just five minutes of trading. Analysts blamed overleveraged long positions for the downside move, with the plunge liquidating about $600 million worth of extended bullish contracts across major futures exchanges. The wipeout followed up with a short […]