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There’s a ‘Good Chance’ Altcoins Will Be Struggling Over Coming Months, According to Benjamin Cowen – Here’s Why

There’s a ‘Good Chance’ Altcoins Will Be Struggling Over Coming Months, According to Benjamin Cowen – Here’s Why

Crypto analyst Benjamin Cowen says that altcoins will likely perform poorly for the remainder of 2023 based on historical patterns. Cowen tells his 787,000 YouTube subscribers that altcoins will likely struggle to close out the year as they had in other pre-halving years. The next Bitcoin (BTC) halving is expected in April 2024, when miner […]

The post There’s a ‘Good Chance’ Altcoins Will Be Struggling Over Coming Months, According to Benjamin Cowen – Here’s Why appeared first on The Daily Hodl.

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Bitcoin Price Outlook for May

Bitcoin Price Outlook for MayMidway through May and bitcoin has mostly fallen lower, as markets digested several key pieces of economic data. The headline was another rate hike by the Federal Reserve, which came as U.S. non-farm payrolls rose marginally higher than expected. Heading into the last fortnight of the month, could bulls be on the brink of returning? […]

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Bitcoin price hits $25K in new 2023 high

Despite macroeconomic headwinds and regulatory crackdowns on crypto, Bitcoin is made a new high for 2023.

The price of Bitcoin (BTC) has reached a new 2023 high of $25,000. The milestone comes after a surge in Bitcoin's price over much of January.

The last time Bitcoin’s price was around $25,000 was near mid-June 2022 on its way down to between $19,000 and $21,000, where it had hovered for several months, according to data from CoinGecko.

The price of BTC has increased double digits over the last 24 hours to reach the $25,000 milestone.

The price of BTC however took a big dip in November following the FTX crisis, which saw it drop to a 2022 low of $15,742 on Nov. 10. 2022.

The price began to surge in early January, when the price of BTC increased over 14 consecutive days between Jan. 4-17.

That daily green candle streak was its second longest in the cryptocurrency’s 14-year history — having fallen one day short of its 15-day record in November 2013.

Related: Bitcoin price correction was overdue — analysts outline why the end of 2023 will be bullish

While BTC has had an impressive start to 2023, it is still down 63% from its all time-high (ATH) of $69,044, which was reached on Nov. 10, 2021.

Some economists such as Lyn Alden however believe that BTC’s current price surge may be relatively short-lived. The Bitcoin bull believes actions from the U.S. Federal Reserve will likely impose “considerable danger ahead” for BTC in the second half of 2023.

Meanwhile, Galaxy Digital Holdings CEO Mike Novogratz is more bullish over the short term.

Speaking at a Bank of America conference on Feb. 15, Novogratz reportedly said there’s a chance BTC could hit $30,000 by the end of March.

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Commodity Analyst Mike McGlone Suggests ‘Bitcoin Appears Poised to Resume Its Inclination to Outperform’

Commodity Analyst Mike McGlone Suggests ‘Bitcoin Appears Poised to Resume Its Inclination to Outperform’Bloomberg Intelligence senior commodity analyst, Mike McGlone, believes a “warm spell” is coming in terms of bitcoin markets as the market strategist detailed on Monday that “bitcoin appears poised to resume its inclination to outperform.” McGlone’s comments follow his previous prediction that noted bitcoin and ethereum appear to have “completed the bulk of their drawdown.” […]

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Bitcoin Price Outlook for November — FTX Crisis Fuels Bearish Momentum

Bitcoin Price Outlook for November — FTX Crisis Fuels Bearish MomentumIt’s fair to say that the first ten days of November have been nothing short of historic in cryptocurrency markets. The turmoil surrounding FTX, and its all-but-confirmed collapse, seems to have eclipsed both Luna and Celsius, who also capitulated earlier this year. The impact of this has been felt by bitcoin, which recently fell below […]

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Commodity Strategist Mike McGlone Says BTC, ETH Appear to Have ‘Completed the Bulk of Their Drawdown’

Commodity Strategist Mike McGlone Says BTC, ETH Appear to Have ‘Completed the Bulk of Their Drawdown’Bloomberg Intelligence senior commodity analyst, Mike McGlone, recently wrote that “cryptos could regain [an] edge” when he discussed bitcoin and ethereum in a report published on Bloomberg’s terminal on Nov. 3, 2022. McGlone detailed that volatility in bitcoin and ethereum has dropped to low levels in comparison to traditional assets, and this trend could “tilt […]

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Bitcoin, Ethereum Technical Analysis: Ethereum Back Above $1,300 to Start the Week

Bitcoin, Ethereum Technical Analysis: Ethereum Back Above ,300 to Start the WeekEthereum remained close to a three week high on Monday, as prices rallied following a turbulent weekend. Bullish sentiment appears to have somewhat returned to crypto markets to start the week, with the market cap trading 1.56% high as of writing. Bitcoin was also in the green in today’s session. Bitcoin Bitcoin (BTC) was trading […]

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Mike McGlone Says Gold Price Is ‘Firming’ — Commodity Strategist Insists BTC, ETH Will ‘Outperform Most Major Assets’

Mike McGlone Says Gold Price Is ‘Firming’ — Commodity Strategist Insists BTC, ETH Will ‘Outperform Most Major Assets’Over the last two days, Bloomberg Intelligence commodity analyst Mike McGlone published the firm’s commodity and crypto outlook reports, and McGlone’s latest analysis details that the price of gold could resume its rally after a foundation similar to 1999 is constructed. Moreover, as far as bitcoin and ethereum are concerned, the analyst argues that the […]

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Bank of America Market Strategist Says ‘Summer Rally Is Over’ as Crypto and Stocks Slide Ahead of Fed Rate Hike This Week

Bank of America Market Strategist Says ‘Summer Rally Is Over’ as Crypto and Stocks Slide Ahead of Fed Rate Hike This WeekDigital currency markets, precious metals, and stocks dropped another leg down on Monday following the drop markets saw last Tuesday. Last week’s fall was one of the worst weeks in more than three months as market strategists believe a sizable Fed rate hike is coming this week. Bank of America’s analysts led by Savita Subramanian […]

Introducing right-click trading: Place limit and stop orders directly from price charts