Why One Bitcoin Analyst Believes the Market is “Scared for All the Wrong Reas...
Bitcoin’s price action as of late has been driven by a combination of recent news developments, jitters within the macro-economic environment, as well as technical weakness. That being said, these factors have not been enough to push the benchmark cryptocurrency below any crucial support levels, as it is still trading within the macro trading range […]
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Bitcoin at $100,000 has become somewhat of a generally agreed-upon peak for the current cycle. Various analysts have put the digital asset at this point before the end of the year, painting a rather bullish future for BTC. With Bitcoin’s recent touch at $69,000, this price point is looking more likely by the day. However, not everyone thinks that the asset will hit $100,000 in 2021. One of these is analyst Nicholas Merten. Merten has disagreed with the predictions for the digital asset that puts the year-end price at $100,000. According to the analyst, this is an overly optimistic target....
Despite the ongoing bear market and bitcoin price decline, some analyst still retains their confidence in Bitcoin. The Bloomberg Analyst Mike McGlone is one of them. He took to Twitter on Wednesday to express his thoughts about the most popular cryptocurrency. The analyst strongly believes that Bitcoin will bounce back from the bear market. McGlone […]
Analysts say multiple factors point toward ETH rallying to $5,000 and BTC is not expected to encounter significant resistance until $85,000. The cryptocurrency market is in high spirits on Oct. 29 after bulls managed to lift the price of Bitcoin (BTC) back near the $63,000 support zone and Ether (ETH) has established a new all-time high at $4,460. ETH/USDT 4-hour chart. Source: TradingViewHere's what anlaysts are saying about the market now that Bitcoin is finding support above the $60,000 level and Ether looks to enter price discovery. Bulls think BTC could hit $90,000The bullish moves....
Egyptian billionaire Naguib Sawiris has said he remains bullish on gold and has no intention to invest in cryptocurrencies like bitcoin because such investment is a very risky business.
Sawiris Says Gold Still Safe-Haven Asset
In his remarks published by The National News, the billionaire reveals he believes it is wrong for people to make comparisons between gold and bitcoin. Sawiris, who is also the executive chairman of Cairo-based Orascom Investment Holding, insists gold is still the safe-haven asset.
“I’m still very bullish [on gold] and it is a safe....
Bitcoin is preparing for a supersonic bull run towards $70,000 in April. So believes Nick Spanos, co-founder of Zap.org — a decentralized oracle data feed startup. In an email interview, the market analyst said that he sees the bitcoin price higher due to two very supportive developments in the cryptocurrency market. First, Mr. Spanos noted, […]