Why Is Bitcoin Price Up Today? Insights From Leading Analysts
In the last 24 hours, the Bitcoin price experienced a significant surge of 2%, touching an intraday high of $27,320 yesterday. As of this writing, the BTC price hovered near the $27,000 mark. Why Is Bitcoin Price Up Today? Several analysts have offered insights into the recent upward trajectory. Renowned crypto specialist Skew elucidated on Twitter, “BTC Aggregate CVDs & Delta: Lower timeframe stuff but pretty clear spot absorption around the high, so $27.2K is an important price area to clear for spot buyers. Most of the push up was perp driven with spot trailing price (short....
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Ethereum has underperformed Bitcoin as BTC has pushed past $33,000 today. ETH is up 8% in the past 24 hours while BTC has gained over 11%. Despite the relative underperformance, analysts soon think that Ethereum will catch up to the leading cryptocurrency. Analysts are targeting $800 in the short term as Ethereum moves past key […]
Ethereum has been hit hard by the recent market-wide downturn, with the cryptocurrency’s price crashing by nearly $30 in a matter of minutes earlier today This move struck a serious blow to its technical outlook, leading many investors and analysts to anticipate further downside in the near-term One trader is specifically setting his sights on a move down towards $280, explaining that this is a bastion of buying pressure for ETH Whether or not Ethereum […]
As bitcoin has touched new price highs on Thursday nearing the $50k handle, people have been curious as to where the price will go in the future. Meanwhile, despite the gains so far, a number of luminaries, analysts, executives, and proponents from the crypto space believe the leading crypto asset will reach between $60k to six-digits this year. Mike Novogratz Predicts $100K Bitcoin: ‘Other CFOs and CEOs Are Saying, What Should We Be Doing?’ Satoshi Nakamoto’s invention has gained mass appeal in recent times as the leading digital asset bitcoin (BTC) has reached its....
PRESS RELEASE. ROLA, a community-driven platform for the crypto industry, allows users to participate in AI-based predictions on all market aspects while leveraging real-time market insights on top of professional analysts’ knowledge. The ROLA app enables users to consume market insights while improving from the users’ votes. The algorithm thus improves from the signals it receives from the community and, in return, provides accurate predictions. In this way, ROLA is strongly driving a Predict-To-Earn ecosystem. What ROLA Brings To The Web3 Community The crypto community has....
Analysts still hold a bullish longterm view of Bitcoin price, but they also agree that the newly launched BTC ETFs are a game-changer. After reaching new all-time highs it's customary for Bitcoin (BTC) price see a bit of cooling off in the form of profit taking, consolidation and uncertainty from traders who are cautious about opening new positions at record highs. This appears to be exactly what is occuring this week as Bitcoin price struggles to hold the $60,000 level as support.BTC/USDT 4-hour chart. Source: TradingViewGenerally, most analysts still retain a bullish macro view of....