A widely followed crypto analyst says that one rival of dog-themed meme assets Dogecoin (DOGE) and Shiba Inu (SHIB) is repeating a move it did previously that caused it to spark a 200% rally. In a new strategy session, pseudonymous crypto trader Inmortal tells his 227,000 followers on the social media platform X that the […]
The post This Dogecoin and Shiba Inu Rival Is Mirroring Price Action That Previously Triggered 200% Rally, Says Trader appeared first on The Daily Hodl.
A popular crypto analyst says that meme asset Dogecoin (DOGE) rival Shiba Inu (SHIB) must hold a certain support level to not come crashing down. In a new video, crypto trader Ali Martinez tells his 106,500 followers on the social media platform X that the $0.0000193-$0.0000215 range is a must-hold for Shiba Inu. According to Martinez, […]
The post Trader Issues Warning on Dogecoin Rival Shiba Inu, Says Bearish Momentum To Set In if Major Support Level Breaks appeared first on The Daily Hodl.
Bitcoin’s pullback after hitting a new all-time high above $108,000 has started a correction in select altcoins, signaling profit booking by the bulls.
Bitcoin (BTC) has pulled back after making a new all-time high above $108,000 on Dec. 17, indicating that the bears have not given up and are selling on rallies. BitMEX co-founder Arthur Hayes wrote in his “Trump Truth” blog post that the crypto markets are likely to dump following United States President-elect Donald Trump’s inauguration in January 2025. Hayes said that selling will occur after market participants realize that any crypto policy changes will take about a year to enact.
In contrast, Bitfinex analysts expect the dips in Bitcoin’s uptrend to be short-lived in 2025 due to institutional demand. They estimate Bitcoin to reach $145,000 by mid-2025 and potentially stretch to “$200,000 under favorable conditions.”
Crypto market data daily view. Source: Coin360
Bitcoin’s rally above $100,000 has improved sentiment, triggering a strong recovery in several altcoins.
Bitcoin (BTC) found support near $94,000 on Dec. 10, and the bulls made a solid recovery on Dec. 11. The price soared back above the psychologically crucial level of $100,000 after November’s inflation report met economists’ projections. According to the FedWatch Tool, the probability of a 25-basis point rate cut in the next meeting has risen to more than 96%. That could prove to be bullish for risky assets.
Bitwise investment chief Matt Hougan and research head Ryan Rasmussen said in a report that Bitcoin could cross $200,000 by the end of 2025. Along with Bitcoin, the duo is also bullish on Ether (ETH) and Solana (SOL), expecting them to rise to $7,000 and $750, respectively.
Crypto market data daily view. Source: Coin360
A top trader known for making timely altcoin predictions says one Dogecoin (DOGE) challenger is primed for a parabolic surge. Pseudonymous analyst Bluntz tells his 304,300 followers on the social media platform X that the time for vertical Shiba Inu (SHIB) rallies is coming. The trader shares a chart suggesting that SHIB may be close […]
The post Top Trader Says Dogecoin Rival Looks ‘Insanely Strong,’ Predicts Incoming Parabolic Break for Large-Cap Memecoin appeared first on The Daily Hodl.
Bitcoin price trades above $100,000 again, proving that every minor dip is being purchased.
Bitcoin (BTC) created a historic milestone on Dec. 5, as it reached the psychologically critical level of $100,000. The bears pulled the price back toward $90,000, but the bulls purchased the dip and have succeeded in driving the price above $100,000 on Dec. 6.
Has Bitcoin topped out in the short term, or is every dip still a buying opportunity? This is one of the burning questions in traders’ minds.
ARK Invest founder and CEO Cathie Wood said in a post on X that Bitcoin “is still in early innings” even after breaking out of $100,000. She added that her firm believes “Bitcoin is a much bigger idea than gold.”
Bitcoin’s strong recovery shows aggressive buying on every minor dip, but the bulls may struggle to overcome the $100,000 resistance.
Bitcoin’s (BTC) pullback found support at $90,791 on Nov. 26, and the bulls pushed the price back above $96,000 on Nov. 27. BTC Markets head of finance and crypto analyst Charlie Sherry told Cointelegraph that the dip to $92,600 “could be the ‘last flush’ before Bitcoin finally crosses $100K.”
However, some analysts are not confident that Bitcoin will break above $100,000 in a hurry. Bitget Research chief analyst Ryan Lee told Cointelegraph that Bitcoin could “correct as much as 30% before it reaches its cyclical top.”
Crypto market data daily view. Source: Coin360
A dog-themed meme asset that rivals Dogecoin (DOGE) and Shiba Inu (SHIB) is flourishing after gaining support from top US-based crypto exchange platform Coinbase. In a new thread on the social media platform X, Coinbase says it’s adding support for Floki (FLOKI), a memecoin launched in 2021 inspired by billionaire Elon Musk’s pet dog. “Coinbase […]
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Analyst and trader Ali Martinez is leaning bullish on one large-cap crypto asset while offering his insight on Bitcoin (BTC) and two altcoins. Martinez tells his 85,900 followers on the social media platform X that BNB, the native token of the BNB Chain ecosystem, could skyrocket by 164% from the current level if it manages […]
The post Analyst Says BNB Could Explode by Over 160%, Updates Outlook on Bitcoin, Shiba Inu and Polkadot appeared first on The Daily Hodl.
Bitcoin continues its march toward $100,000, and several altcoins could be poised to hit new all-time highs.
Bitcoin (BTC) bulls have kept up the pressure, and the price is trying to climb above $95,000. Options contracts on BlackRock’s spot Bitcoin exchange-traded fund (ETF), the iShares Bitcoin Trust ETF (IBIT), launched on Nov. 19, were an instant hit.
Bloomberg ETF analyst James Seyffart said in a post on X that IBIT options recorded roughly $1.9 billion in notional exposure, and that could be the reason for Bitcoin’s new all-time high on Nov. 19.
Bitcoin’s price is nearing $100,000, but MicroStrategy, the largest corporate holder of Bitcoin, is not showing any signs of slowing down its purchases. The business intelligence firm revealed plans to raise $2.6 billion from senior convertible notes to buy more Bitcoin and for general corporate purposes.
