Price analysis 11/11: SPX, DXY, BTC, ETH, SOL, BNB, DOGE, XRP, ADA, TON

November 11, 2024 Coin Telegraph

Bitcoin

Bitcoin picked up momentum and soared above $84,500, pulling several altcoins higher.

Bitcoin (BTC) has been on a roll and shows no signs of slowing down. The latest leg of the rally above $84,500 pushed Bitcoin’s total market capitalization above $1.67 trillion for the first time.

Analysts remain optimistic that Bitcoin will extend its month-to-date gains of 17% as November’s average return is 44%, according to CoinGlass data. Veteran trader Peter Brandt said in a post on X that “when BTC runs - it runs.” He projects Bitcoin to reach $125,000 by the end of the year.

Daily cryptocurrency market performance. Source: Coin360

Russia and Indonesia Actively Discuss Mechanisms to Ditch US Dollar

Bitcoin’s move to $80,000 could trigger a rally in ETH, SOL, SUI, and AAVE

November 10, 2024 Coin Telegraph

Aave

Bitcoin’s strong weekend rally to $81,000 could add more fuel to the current price action in ETH, SOL, SUI, and AAVE.

Bitcoin (BTC) has been on a roll this week, rising above $80,000 on Nov. 10. Analysts believe the rally has just started, and that Bitcoin has a long way to go. Bitcoin analyst Tuur Demeester said in a post on X that “no rash action is needed, HODLing does the work for you.”

Newbie traders may be contemplating that Bitcoin’s rally has made it overvalued, but Bitwise Invest CEO Hunter Horsley said in a post on X that “Bitcoin is different.”

“When Bitcoin’s price goes up, people view it as more likely that it will succeed, and therefore be even more valuable. And so it's likely to go up even further,” Horsley explained.

Russia and Indonesia Actively Discuss Mechanisms to Ditch US Dollar

Price analysis 11/6: BTC, ETH, SOL, BNB, XRP, DOGE, TON, ADA, SHIB, AVAX

November 6, 2024 Coin Telegraph

Avalanche

Crypto markets cheered Donald Trump’s win by pushing Bitcoin to a new all-time high above $75,000, signaling the start of the next leg of the uptrend.

Bitcoin (BTC) hit a new all-time high of $75,407 on Nov. 6, eclipsing the previous high of $73,777 made on March 14. The rally was triggered after Donald Trump edged closer to winning the United States presidential election.

A Trump win is positive because the crypto industry hopes the incoming President will keep the promises made to the crypto community throughout the campaign trail. 10x Research head of research Markus Thielen told Cointelegraph that Bitcoin could skyrocket to $100,000 by Q1 2025.

Crypto market data daily view. Source: Coin360

Russia and Indonesia Actively Discuss Mechanisms to Ditch US Dollar

Bitcoin looks ripe for a rebound, and so do ETH, DOGE, LTC, and XMR

November 3, 2024 Coin Telegraph

Bitcoin

Bitcoin’s volatility is expected to pick up after the US elections, and charts suggest that ETH, DOGE, LTC and XMR could be the first to follow.

Bitcoin’s (BTC) rejection near the all-time high earlier in the week may have attracted profit booking by the short-term traders. Although the price has dropped near $68,000, analysts remain positive on the markets. They anticipate Bitcoin to find support between $65,000 and $68,000.

The next major trigger for the cryptocurrency markets is the United States elections. In a market report, FalconX head of research David Lawant said that volatility could increase if “results are too close to call and it takes too much time to reach an outcome.”

Crypto market data daily view. Source: Coin360

Russia and Indonesia Actively Discuss Mechanisms to Ditch US Dollar

Bitcoin price push through $68K adds strength to SOL, DOGE, RUNE and BGB

October 27, 2024 Coin Telegraph

Bitcoin

Bitcoin’s bounce back to $68,000 raises the chance of a rally in SOL, DOGE, RUNE and BGB.

Bitcoin (BTC) is down just over 2% this week, but a positive sign is that the buyers have not allowed the price to sustain below $65,000. That started a recovery, pushing Bitcoin above $67,500 on Oct. 27. Kraken analysts believe that Bitcoin’s “trend should remain constructive” as long as Bitcoin stays above $66,500.

However, not everyone is bullish on Bitcoin’s prospects in the near term. Crypto analyst Luca said in a post that Bitcoin could witness “another flush to 60K,” before a local bottom can be confirmed.

Crypto market data daily view. Source: Coin360

Russia and Indonesia Actively Discuss Mechanisms to Ditch US Dollar

Price analysis 10/25: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB

October 25, 2024 Coin Telegraph

Avalanche

Bulls aim to knock out Bitcoin’s all-time high before the US elections wrap up. Will altcoins follow?

Bitcoin (BTC) is facing resistance near $69,000, but the bulls have kept up the pressure. As the price nears the top of the range, the bears are likely to pose a strong challenge. However, analysts expect the range-bound action to end following the result of the upcoming United States elections.

Standard Chartered Bank analyst Geoff Kendrick said in a research note that Bitcoin could surge to $125,000 by the end of the year if the Republicans sweep the US Congress after the Nov. 5 elections.

Another bullish projection came from Bitwise’s head of alpha strategies, Jeff Park, who said in a post on X that Bitcoin could reach $92,000 if Donald Trump wins the US Presidential elections.

Russia and Indonesia Actively Discuss Mechanisms to Ditch US Dollar

Price analysis 10/22: SPX, DXY, BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA

October 22, 2024 Coin Telegraph

Bitcoin

Bitcoin is finding support in the $66,500 to $65,000 zone and Bitcoin ETF inflows suggest traders are buying the dips. Will altcoins follow?

Bitcoin (BTC) has slipped below $67,000 after closing last week above $69,000, its strongest close since the start of June. However, the fall has not scared away the investors. According to Farside Investors data, United States-based Bitcoin exchange-traded funds witnessed inflows of $294.3 million on Oct. 21.

Usually, after the price spends a long time in a range, it needs a strong trigger to break out from the sideways price action. The upcoming United States elections could act as a catalyst for a new trending move in Bitcoin. Many believe that a victory by the former US president and Republican nominee Donald Trump could propel Bitcoin higher.

Daily cryptocurrency market performance. Source: Coin360

Russia and Indonesia Actively Discuss Mechanisms to Ditch US Dollar

Bitcoin price rally above $70K could supercharge ETH, SOL, DOGE and SHIB

October 20, 2024 Coin Telegraph

Bitcoin

Bitcoin’s bullish weekend price action could be a sneak peek of what’s to come this week. Will ETH, SOL, DOGE, and SHIB follow?

Bitcoin (BTC) has risen roughly 9% this week, indicating solid buying by the bulls. The up move is facing resistance near $69,000 but the bulls are not exiting their positions in a hurry. That suggests the buyers anticipate the rally to extend further.

Trading firm QCP Capital told its Telegram channel subscribers that the rising United States equities markets and a weakening trend in the Japanese yen are likely to boost risk-on sentiment leading to the US elections. That “will propel risk assets higher and support our Uptober narrative,” the firm added.

Crypto market data daily view. Source: Coin360

Russia and Indonesia Actively Discuss Mechanisms to Ditch US Dollar

Bitcoin’s rise above $62,000 could pull APT, WIF, FTM, and BGB higher

October 7, 2024 Coin Telegraph

Bitcoin’s rise above ,000 could pull APT, WIF, FTM, and BGB higher

Aptos

Bitcoin’s recovery above $62,000 is having a positive impact on altcoins, boosting prospects of a rally in APT, WIF, FTM and BGB.

Bitcoin (BTC) is trying to close the week above $62,500, well above the intra-week low of just under $60,000. This suggests buying at lower levels. Although the start to October, generally the strongest month of the year, has been slow, analysts expect things could pick up going forward.

One positive for the cryptocurrency markets is that the CME Group’s FedWatch Tool is pricing in a 97% probability of the Federal Reserve cutting rates by 25 basis point in their Nov. 7 meeting. Expectations are that a rate cut would boost a risk-on sentiment.

Crypto market data daily view. Source: Coin360

Russia and Indonesia Actively Discuss Mechanisms to Ditch US Dollar

Bullish trading pattern on BNB/USD looks ready to explode, but what about the BNB/BTC pair?

September 29, 2024 Coin Telegraph

Bitcoin

BNB is way below its all-time high when charted against Bitcoin, but that could soon change.

BNB has been in focus recently as Binance founder and former CEO Changpeng “CZ” Zhao walked out of a United States federal prison on Sept. 27 after serving a four-month stint for Anti-Money Laundering violations.

While some believe that CZ’s release could trigger a rally in BNB (BNB), others expect the performance to mirror that of the broader altcoin market.

BNB, similar to Bitcoin (BTC), has been stuck inside a large range for several months, indicating indecision between the bulls and the bears.

Price analysis

Share this video