Analyst: The Next Bitcoin Break Will Set The Stage For Weeks To Come
Bitcoin is exhibiting confusing price action currently, reeling from the slew of negative news but withstanding a fall back to retest lows. Eventually, the stalemate between bulls and bears will break, and an enormous decision-making move will result. Whichever way Bitcoin breaks next, one crypto analyst says, will set the trend and grand stage for […]
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Bitcoin (BTC) has seen a 4% bounce from the lows to retest a crucial resistance level, which could determine whether a breakout or a breakdown is next. Meanwhile, an analyst suggested that BTC’s final leg up and cycle peak could come in the coming weeks. Related Reading: No Ethereum Rally Until Q4? Analyst Eyes Choppy September Before New Highs Bitcoin Key Attempts Key Level Reclaim Following its recent drop, Bitcoin is now attempting to break out of its local range high and reclaim the $111,000 zone as support. As September started, the flagship crypto retested the $107,000 range low....
Alessio Rastani, a cryptocurrency analyst and trader, shares his outlook on crypto, stocks and the forex market for the next weeks. The stock market’s movements in the next few weeks will be critical for determining whether we are heading towards a short-term recession or a long term-one, according to forex trader and crypto analyst Alessio Rastani.During the October-December 2022 period, the analyst expects to see the S&P rallying. "If that bounces or rally fails and drops back down again, then very likely, we're entering a long-term recession and something very close to similar to 2008",....
There's every reason to be bullish on BTC on shorter timeframes as months of volatility compression look set to stop. Bitcoin (BTC) “will break out significantly” in the next month, with an upside target of $30,000.That was the latest prediction from Michaël van de Poppe, founder and CEO of trading firm Eight.Analyst on November price target: "My guess is probably $30K"In a tweet on Oct. 25, Van de Poppe joined a growing number of analysts delivering bullish BTC price forecasts.BTC/USD is currently marked by a distinct lack of volatility, but signs are flowing in that the sideways trend is....
Crypto analyst Steph has highlighted a high liquidity level that could spark a significant surge for the XRP price. This comes as the altcoin struggles to reclaim the psychological $3 level, which could lead to a further rally to new highs. Liquidity Level That Could Spark An XRP Price Surge In an X post, Steph revealed that the liquidity around $3.2 is expanding for the XRP price and that the market is charging toward the highest cluster. He explained that there are many buy and sell orders around this level, with market makers often looking to capture liquidity at price levels with....
Bitcoin miners caught a small break late Sunday evening (ET) after the network’s mining difficulty dropped 0.20% lower than the difficulty rating two weeks prior. The drop is the first mining difficulty decrease in four weeks, as the metric changed from 36.84 trillion to 36.76 trillion.
Bitcoin Miners Catch a Miniscule Break as the Network’s Difficulty Shrinks by 0.20%
Bitcoin’s mining difficulty is still extremely high in comparison to the height it was in mid-August 2022. For instance, on Aug. 17, 2022, just before the year’s third largest....