A widely followed analyst believes that the crypto market is on the verge of witnessing the next leg of its bull cycle. Pseudonymous analyst Kaleo tells his 639,700 followers on the social media platform X that the real bull market has not even started yet. The crypto strategist says that Bitcoin (BTC) is currently in […]
The post Analyst Unveils Bitcoin and Ethereum Price Targets, Says Incoming Altcoin Opportunities Will Be ‘Insane’ appeared first on The Daily Hodl.
Michael Oliver, the proprietor of Momentum Structural Analysis (MSA) – a research firm specializing in detecting momentum-based movements – believes the recent gold bull market rally might differ from the other gold rallies. Oliver stated that due to several factors, not investing in gold could mean missing “what will likely be a generational event.” MSA […]
On-chain indicators such as the Bitcoin MVRV Z score, Puell Multiple and HODL Waves paint a bullish picture for Bitcoin investors.
Despite crypto markets having consolidated sideways for the past three months, at least five on-chain indicators suggest the bull market may just be getting started, according to an analyst.
Since the end of February, crypto’s total market capitalization has been range-bound at around $2.5 trillion. Market observers are conflicted about whether the cycle is already over or not.
These five on-chain indicators, as highlighted by analyst “ELI5 of TLDR” in a post on X on May 19, suggest it is just beginning.
Gold advocate and economist Peter Schiff has predicted an explosive rise in gold and silver prices. While encouraging investors to “Take advantage of what could be the biggest precious metals bull market in history,” Schiff calls bitcoin “dead money,” expecting outflows from spot bitcoin exchange-traded funds (ETFs) to “soon put significant downward pressure on bitcoin.” […]
The founders of crypto analytics platform Glassnode say that Bitcoin (BTC) may reach $85,200 before summer if a technical setup plays out. In a new thread, the co-founders of Glassnode , who go by the handle Negentropic on the social media platform X, tell their 62,800 followers that the crypto king appears to be breaking […]
The post $85,200 Bitcoin Before Summer? Glassnode Analysts Say BTC Breaking Out of Bullish Technical Pattern appeared first on The Daily Hodl.
While the current correction remains in line with historical price corrections, Bitcoin could briefly fall to the $50,000 mark after losing the average ETF inflow mark of $59,000.
Bitcoin’s price is down around 21% from its all-time high. But while this remains in line with previous bull market corrections, Bitcoin could still fall to the $50,000 mark in the near term, based on historic patterns.
Bitcoin (BTC) price fell over 12% on the weekly chart to $57,780 as of 1:10 p.m. in UTC, which is 21.6% lower thatn its all-time high of $73,750, reached on March 14, according to CoinMarketCap data.
The current correction is the deepest retrace of this cycle, according to popular Bitcoin analyst Rekt Capital, who wrote in a May 1 X post:
One widely followed crypto trader is breaking down Bitcoin (BTC) after a 9% crash over the last week. Pseudonymous crypto analyst Rekt Capital tells his 452,800 followers on the social media platform X that BTC’s current re-accumulation phase may fool some traders into thinking it’s a Bitcoin breakdown. “One of the key things to note about Bitcoin’s […]
The post ‘The Q1 Hype Cycle Is Over’: Crypto Analyst Updates Outlook on Bitcoin (BTC) After Deep Pullback appeared first on The Daily Hodl.
Blockchain analytics firm says Bitcoin (BTC) is still in a “euphoria phase” despite its recent correction based on on-chain metrics. In a new report, the firm says BTC’s current downward price action is still tame compared to previous cycles, suggesting that the crypto king is in the earlier stages of a bull run. “If we […]
The post Analytics Firm Glassnode Says Bitcoin Euphoria Phase Still Young – Here’s Why appeared first on The Daily Hodl.
A top analyst who nailed the end of the 2021 Bitcoin (BTC) bull market is detailing the mechanics behind the latest altcoin meltdown. Pseudonymous crypto strategist Pentoshi tells his 779,400 followers on the social media platform X that momentum is what moves markets. According to the analyst, the crypto markets were launching new altcoins at […]
The post Top Analyst Explains Mechanics Behind Latest Altcoin Crash, Says Bears Took Over After Momentum Loss appeared first on The Daily Hodl.
A widely followed crypto analyst is detailing when he believes Ethereum (ETH) and altcoins could outpace Bitcoin (BTC). In a new video update, crypto strategist Jason Pizzino tells his 321,000 YouTube subscribers that the altcoin market is setting up for a massive rally – with the ETH/BTC pair as its proxy. “Still seems like the […]
The post Here’s When Ethereum and Altcoins Could Start To Outrun Bitcoin, According to Analyst Jason Pizzino appeared first on The Daily Hodl.
