Crypto market sentiment not as bullish as ‘echo chamber’ suggests, trader says

October 19, 2024 Coin Telegraph

A crypto trader argued that it is easy for crypto market participants to be "convinced sentiment is one way or the other," while claiming that the sentiment is not "that bullish currently."

Bitcoin’s (BTC) price nearing $70,000 has sparked a shift in market sentiment, with a surge in bullish posts among traders. However, one trader warns that the market isn’t quite there yet and still has a way to go before it can truly be called bullish.

“I don’t think the sentiment is that bullish currently,” independent crypto analyst Matthew Hyland opined in an Oct. 18 X post.

He suggested that those in the crypto industry can have a volatile mindset toward sentiment, however, a shift in market sentiment also requires an increase in retail investor interest.

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Ethereum layer 2s hold $13.5B stablecoin supply

Bitcoin bears turn ‘giddy’ at prospect of sub-$60K BTC price

October 18, 2024 Coin Telegraph

Bitcoin bears turn ‘giddy’ at prospect of sub-K BTC price

Bitcoin ETFs

Analysts say Bitcoin price pullbacks “will happen” and suggest that traders avoid impulsive trading.

Bitcoin (BTC) price will need to drop around 12% from its current $67,250 level for skeptics to have their bearish outlook confirmed, according to a crypto analyst.

“Bears can only get giddy if BTC breaks below $58.8k,” crypto analyst Matthew Hyland opined in an Oct. 17 X post amid Bitcoin trading at $67,248, up 10.88% over the past seven days, according to TradingView data.

Hyland said that anything less than that “is just noise if we see a pullback.”

Ethereum layer 2s hold $13.5B stablecoin supply

Bitcoin at ‘pivotal juncture,’ $60K not out of the picture — Analyst

September 27, 2024 Coin Telegraph

Bitcoin

Crypto analysts say a daily close above $65,000 would confirm “bullish momentum,” but a possible reversal still can’t be ruled out.

Bitcoin (BTC) is at a critical crossroads. While some traders are optimistic about an imminent surge as BTC’s price passes $66,000, others are not ruling out a retrace back to $60,000.

The speculation comes after Bitcoin surpassed $65,000 on Sept. 26 for the first time since Aug. 2.

Kraken analysts opined in a note viewed by Cointelegraph that:

Ethereum layer 2s hold $13.5B stablecoin supply

Bitcoin traders brush off September blues, say closing price may ‘surprise the bears’

September 6, 2024 Coin Telegraph

Coin Telegraph

Tyr Capital’s chief investment officer thinks Bitcoin is more likely to finish September above $60,000 than below.

Some Bitcoin traders seem to be brushing off concerns about the usual September dump, even though history suggests otherwise, and the macro environment could be a strong enough factor to challenge the ongoing narrative.

“Although September is historically a negative month for BTC, the combination of a Fed [United States Federal Reserve] rate cut and a relatively robust US economy could surprise the bears,” Tyr Capital chief investment officer Ed Hindi told Cointelegraph.

“We believe the chances of BTC settling above $60,000 to be higher than the chances of it settling below it,” Hindi added.

Ethereum layer 2s hold $13.5B stablecoin supply

Bitcoin must reach a ‘higher high’ to confirm uptrend after dip below $58K

August 31, 2024 Coin Telegraph

<div>Bitcoin must reach a 'higher high' to confirm uptrend after dip below K</div>

Bitcoin mining

If Bitcoin is to maintain its longer-term uptrend, it must avoid breaking down below $56,000, according to a crypto analyst.

Bitcoin's next move needs to print a bullish "higher high" on the price chart to keep its uptrend intact after recently dropping below $58,000, according to a crypto analyst.

“We really need to start to bounce out of this and make a higher high to further confirm that we are in this uptrend that we’ve been in since August,” crypto analyst Matthew Hyland explained in an analysis video on Aug. 30.

“Bitcoin needs to remain above this $57.7K level, however if it were to break down, it really, ultimately would need to hold this $56K level, if we were to lose this $56K level that would be a lower low,” Hyland explained.

Ethereum layer 2s hold $13.5B stablecoin supply

Bitcoin $59K price may swing ‘drastically’ amid election year parallels

August 17, 2024 Coin Telegraph

<div>Bitcoin K price may swing 'drastically’ amid election year parallels</div>

10x Research

If Bitcoin follows the same pattern as previous election years, August will be "nothing crazy," but a breakout may occur within a month or two, according to a crypto analyst.

Bitcoin’s price chart is mirroring patterns seen in previous United States election years, and its recent lack of momentum could be significantly reversed, according to a cryptocurrency analyst.

“Bitcoin has seen the same sort of structure” crypto analyst Matthew Hyland pointed out in an Aug. 16 analyst video. He explained that Bitcoin’s (BTC) recent extended consolidation followed by a downturn— which saw Bitcoin fall below $50,000 at the beginning of August — is similar to patterns seen in 2012, 2016, and 2020 ahead of US presidential elections.

“I’ll go back to August 2012, a massive crash right here. Then we slowly moved into the election, before moving up drastically after the election,” Hyland added.

Ethereum layer 2s hold $13.5B stablecoin supply

AI tokens slide as Nvidia jumps 7% — but ‘don’t expect that to last’

May 29, 2024 Coin Telegraph

Coin Telegraph

AI crypto tokens are “quiet now,” bleeding red across the board, but a crypto trader says that won’t last.

Artificial intelligence-linked crypto tokens have declined over the past 24 hours amid Nvidia’s (NVDA) share price surging over 7% on May 28, but the downturn won’t last forever, says a crypto trader.

“NVDA surging, AI coins quiet now but don’t expect that to last,” trader Matthew Hyland wrote in a May 28 X post.

Nvidia produces computer chips that AI companies are increasingly using to run their AI models. Crypto traders see its stock price as an indicator of how AI tokens could move, with NVDA’s performance a gauge of the market’s AI sentiment.

Ethereum layer 2s hold $13.5B stablecoin supply

Don’t jump to conclusions about ETH ‘pullbacks’ — Traders

May 25, 2024 Coin Telegraph

Coin Telegraph

Bitcoin's price dropped 15% after spot Bitcoin ETFs started trading, but traders aren't so sure that Ether's price will react the same way.

Traders are skeptical about assuming that the price of Ether (ETH) will decline after the launch of spot Ether exchange-traded funds (ETFs), similar to what happened with Bitcoin (BTC), after spot Bitcoin ETFs started trading.

“I think there is less likelihood of a selloff here after the ETH ETF compared to the BTC ETF,” crypto trader Matthew Hyland explained in a May 24 post on X.

Hyland pointed out that, unlike Ether, Bitcoin had not experienced a price decline in the period leading up to the approval of spot Bitcoin ETFs on Jan. 10.

Ethereum layer 2s hold $13.5B stablecoin supply

SEC’s ETF nod could bring ‘ETH season’ if 3 key indicators hold

May 24, 2024 Coin Telegraph

Blockchain Mane

Three key indicators suggest the possibility that ETH could surpass its all-time high, according to a crypto trader.

Ether (ETH) could surge to retest the $5,000 price mark it fell short of in 2021 if three long-term indicators continue flashing, says one crypto trader.

“The dominance chart suggests we’re entering an ‘ETH Season’ where Ethereum is likely to outperform other cryptocurrencies,” pseudonymous crypto trader Blockchain Mane told Cointelegraph.

It follows the Securities and Exchange Commission’s May 23 initial approval of eight spot Ether exchange-traded funds (ETFs).

Ethereum layer 2s hold $13.5B stablecoin supply

PEPE reaches new high amid ETH price jump on renewed ETF approval hopes

May 22, 2024 Coin Telegraph

Coin Telegraph

Pepe is up 27% during the day amid renewed hope for the approval of United States-based spot Ether ETFs.

Ethereum-based memecoin Pepe surged 27% to a new all-time high over the past 24 hours, driven by speculation around the potential approval of spot Ether exchange-traded funds (ETF) in the United States.

“PEPE is probably the best memecoin play for the ETH ETF,” crypto trader Matthew Hyland claimed in a May 21 X post.

Pseudonymous crypto trader “Kaleo” added it was funny how ETH is moving and PEPE is now one of the most obvious hindsight trades out there.”

Matthew Hyland

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