Analyst Who Predicted 2018’s Bitcoin Bottom Says $15k Is Next
Bitcoin has continued to explode higher as the U.S. dollar drops. BTC trades for $14,500 as of this article’s writing, the highest price in over two years. Analysts think the coin extends higher as the price is still positioned in an uptrend. Bitcoin Could Hit $15,000 Next, Analysts Say Bitcoin has continued to explode higher in the face of a strong drop in the U.S. dollar as the election continues. The price of the leading […]
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While Bitcoin has seen local volatility, the coin is in a tight range on a medium-term basis. The coin has traded between $10,000 and $11,000 over the past few weeks. BTC now trades for $10,650 as of this article’s writing, smack dab in the middle of the range. A top analyst says that Bitcoin is primed to retest $11,000, then undergo a rejection in the coming weeks. This rejection could take BTC towards the CME […]
Crypto analyst Leshka has explained why it is unlikely that the Bitcoin price has bottomed even as it continues to attempt a recovery above $70,000. His analysis also aligns with predictions from analysts such as Doctor Profit, who predict that BTC could still drop to $40,000. Analyst Explains Why Bitcoin Price Hasn’t Bottomed In an X post, Leshka noted that the Bitcoin price has never bottomed after a drawdown of just 47%. He further remarked that every bear market in history saw at least 78% drawdown from the top. BTC notably saw drawdowns of around 87%; 84%; and 73% in 2013, 2017, and....
Bitcoin has stalled over the past few hours. The cryptocurrency currently trades for $11,300, far above last week’s lows but below the highs of $11,750. Bitcoin is down 2% in the past 24 hours after news revealed that OKEx has frozen withdrawals for the time being. The cryptocurrency remains in a precarious position due to that news events. Purely from fundamentals, though, analysts say that Bitcoin has short-term upside. One historically accurate analyst said that […]
Over the years, there have been different metrics, technicals, and ways in which investors have tried to predict the Bitcoin price bottom with each bear market. Some of these have reportedly done so with some accuracy, while others have seen a deviation. Recently, a pseudonymous crypto analyst who goes by @cryptocupra on the X (formerly Twitter) platform has shared their own bottom prediction, using a 23-Bar Theory. How Bitcoin Bottoms Go In The Past In the post shared on the social media platform, the crypto analyst explained that there have been 23 bars that have predicted the bottom of....
Crypto analyst Hailey has predicted that Dogecoin could see a 2,500% rally to $2, based on a historical pattern. This comes as DOGE continues to trade below the psychological $0.10 level amid the U.S.-Iran war. Dogecoin Eyes 2,500% Rally If History Repeats Itself Crypto analyst Hailey said in an X post that Dogecoin could see gains of 2,500% if history repeats. The analyst noted that breakouts from patterns like the one that has formed for DOGE have historically delivered life-changing returns. The targets for DOGE on the projected rally are $0.28, $0.5, $1, and $2. Related Reading: The....