Bullish

Analysts’ Bitcoin $200K Target Fuels Bullish Fire, Bears Brace for Impact

November 19, 2024 Bitcoin.com

Bitcoin

Bitcoin’s projected surge to $200,000 gains momentum as analysts cite pro-crypto policies, sovereign-led demand, and growing institutional adoption reshaping the market’s future. As Analysts Reaffirm $200K, the Pressure Mounts on Bitcoin Bears Leading research and brokerage firm Bernstein reiterated in a client note Monday that bitcoin could reach $200,000 by 2025, maintaining its earlier prediction. […]

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Bitcoin price metrics point to more upside despite $92K acting as resistance 

November 18, 2024 Coin Telegraph

Arbitrage

Data hints that new all-time highs are on the way, even if Bitcoin struggles to gain above $92,000. 

Bitcoin (BTC) has been trading within a narrow 7% range since Nov. 12, signaling a period of consolidation around $91,000. Still, derivatives indicate that professional traders remain confident in the bull market. Additionally, multiple attempts to break above the $92,000 level suggest strong buying demand beyond the multiple MicroStrategy BTC acquisitions.

Bitcoin 30-day options 25% skew (put-call) at Deribit. Source: Laevitas.ch

The BTC options delta skew has dropped to its lowest level in four months, indicating the market is pricing a discount for put (sell) options. Levels below -6% suggest bullish sentiment and reflect confidence in the $87,000 support level, particularly from whales and arbitrage desks.

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3 reasons why Bitcoin price bottom could have been $67.3K 

November 4, 2024 Coin Telegraph

Bullish

Data suggests traders are ignoring the current Bitcoin price correction and betting for new highs after the US elections wrap up.

Bitcoin (BTC) fell 6.7% between Oct. 31 and Nov. 4, breaking below the $67,500 mark for the first time in eight days. This decline led to the liquidation of over $190 million in leveraged long positions and coincided with uncertainty surrounding the Nov. 5 US presidential elections.

Despite this short-term bearish momentum, three Bitcoin derivatives metrics show that the market is not panicking. These positive indicators include the long-to-short ratio of top traders on exchanges, aggregate BTC futures open interest, and stablecoin demand in China.

Exchanges top traders long-to-short ratio. Source: Coinglass

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Cryptoquant CEO Expects Crypto Market to Skyrocket With CZ’s Return — ‘Bullish Vibes Everywhere’

September 29, 2024 Bitcoin.com

Binance

Cryptoquant’s chief executive has expressed optimism about the return of former Binance CEO Changpeng Zhao (CZ), believing it could lead to major market movements. “Bullish vibes everywhere,” he said, emphasizing that CZ “just needs to post ‘I’m back’ and the market will skyrocket.” Cryptoquant Founder Expects CZ’s Return to Spark Market Surge Ki Young Ju, […]

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‘Just Need To Survive September’: Crypto Trader Says Bitcoin Primed for Months of Upside – Here’s Why

September 12, 2024 The Daily Hodl

Bitcoin

A widely followed cryptocurrency analyst and trader is saying that Bitcoin (BTC) is set for a bullish phase once September comes to a close. The analyst pseudonymously known as Rekt Capital tells his 501,200 followers on the social media platform X that the fourth quarter could be bullish for Bitcoin. “You just need to survive […]

The post ‘Just Need To Survive September’: Crypto Trader Says Bitcoin Primed for Months of Upside – Here’s Why appeared first on The Daily Hodl.

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Arthur Hayes Predicts Bitcoin Boom as Central Banks Cut Interest Rates

September 1, 2024 Bitcoin.com

Arthur Hayes

Bitmex co-founder Arthur Hayes is optimistic about bitcoin’s future, citing recent interest rate cuts by central banks. He believes further rate cuts by the U.S. Federal Reserve, Bank of England, and European Central Bank could expand the money supply and drive inflation. Hayes argues that while inflation may negatively impact some businesses, it would benefit […]

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Arthur Hayes Predicts $100K Bitcoin by Year-End — Expects ‘Glorious’ Crypto Bull Market in 2025 With BTC Reaching $1M

August 14, 2024 Bitcoin.com

$1 million

Bitmex co-founder Arthur Hayes predicts bitcoin will reach $100K by late 2024 and could hit $1 million by 2025. He attributes this to U.S. Treasury liquidity injections and anticipates a “glorious” crypto bull market in 2025. Hayes has outlined various factors driving explosive growth in bitcoin and broader financial markets. Arthur Hayes Predicts Bitcoin Surge […]

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Veteran Trader Peter Brandt Says Gold Is Poised for Massive Chart Breakout

August 14, 2024 Bitcoin.com

asset

Peter Brandt, a veteran trader and respected chartist, says gold is poised for a massive chart breakout with targets of $2,800 and then $3,200, based on an inverse head and shoulders pattern indicating a bullish trend. This outlook aligns with recent bullish forecasts from various analysts and economists. Gold Poised for Major Breakout, Says Trader […]

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‘The Printer Cometh’ – Bitwise CIO Matt Hougan Says He’s Betting on Crypto Reversal After Market Crash

August 7, 2024 The Daily Hodl

Bitcoin

Bitwise’s Matt Hougan says that the recent crypto market correction is reminiscent of March 2020 – a big opportunity for bulls. Hougan says on the social media platform X that the Covid-induced crash of March 2020 “supercharged” the reasons for Bitcoin’s long-term rise, while its short-term price was decimated. “It showed us that central banks […]

The post ‘The Printer Cometh’ – Bitwise CIO Matt Hougan Says He’s Betting on Crypto Reversal After Market Crash appeared first on The Daily Hodl.

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Crypto Trader Says Dogecoin Poised To ‘Do Pretty Well’ and Test Higher Levels – But There’s a Catch

August 2, 2024 The Daily Hodl

Altcoins

A crypto trader and analyst is expressing an overall bullish outlook on Dogecoin (DOGE) as the memecoin consolidates. Pseudonymous analyst Altcoin Sherpa tells his 11,300 YouTube subscribers that DOGE could eventually break out and soar to as high as $0.50. However, the analyst warns that DOGE has a relatively large market cap that could limit […]

The post Crypto Trader Says Dogecoin Poised To ‘Do Pretty Well’ and Test Higher Levels – But There’s a Catch appeared first on The Daily Hodl.

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