[ad_1] A widely followed crypto analyst is issuing a warning, saying that the rest of 2024 looks less than ideal for altcoins. In a new video update, crypto strategist Benjamin Cowen tells his 813,000 YouTube subscribers that based on historical patterns, altcoins appear set to plummet near the end of the year and capitulate against Bitcoin (BTC). Cowen says the capitulation also lines up with the beginning of a new interest rate-cutting cycle. “If you connect the dots from the last cycle, 2018, 2019 to 2020, you can see that it basically tagged this trend line three times and then…
Author: dfrancis36
[ad_1] Este artículo también está disponible en español. The world of cryptocurrencies is always evolving, and while Dogecoin (DOGE) continues to reign as a top memecoin, a new contender has entered the spotlight: GoodEgg (GEGG). Recently, Dogecoin whales, those massive investors with substantial holdings, have been quietly adding GoodEgg (GEGG) to their portfolios. But why? Let’s dive into the top three reasons why these influential crypto investors are betting on this new AI-powered dating token. 1. Diversification Beyond Memecoins Dogecoin (DOGE) has always been the go-to for memecoin enthusiasts. With its fun origins and a supportive community, it’s provided substantial…
[ad_1] Bitcoin gained by over 10% in the past week as it reclaimed the $60,000 price mark on Friday. Following an initially negative performance in September, this recent price rise by the crypto market leader has elicited much positive sentiments from investors. However, a Cryptoquant analyst with the username CRYPTOHELL reports that this bullish momentum is being challenged by opposite forces driving the BTC market to a crossroads. Bitcoin Market Forces At A Standstill – What Next? In a Quicktake post on Saturday, CRYPTOHELL stated that the current Bitcoin market presents both optimistic and cautionary signals. On the positive front,…
[ad_1] Bitcoin is at a pivotal moment after enduring weeks of aggressive corrections and underwhelming price action. Currently testing the crucial psychological level at $60,000, the cryptocurrency faces a critical phase where investor sentiment is shifting from fear to cautious optimism. This transition comes as many anticipate a potential rally in the coming weeks. Top macro and on-chain analysts, including experts from CryptoQuant, have highlighted that if Bitcoin can break through the significant resistance at $69,500, it may trigger a substantial move toward new highs. The data suggests that such a breakout could ignite a bullish uptrend, pushing Bitcoin into…
[ad_1] A trader who continues to build a following with macro crypto calls thinks that top memecoin Dogecoin (DOGE) is about to ignite steep rallies. Pseudonymous analyst TechDev tells his 467,500 followers on the social media platform X that Dogecoin appears to be mirroring a pattern witnessed during the 2020 cycle. The trader shares a chart suggesting that DOGE appears to be in the process of flipping a key resistance level into support prior to a big burst to the upside. Source: TechDev/X The trader’s chart also shows that he thinks the altcoin market is about to spark surges, arguing…
[ad_1] They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling…
[ad_1] Despite seeing multiple crashes over the last few months, the expectations for the Bitcoin (BTC) price remain incredibly high following a spike in exchange-traded fund (ETF) inflows. Leading this forecast is crypto analyst Micky Bull, who has unveiled another bullish prediction, putting the BTC price above the coveted $100,000 mark. Bitcoin ETFs Positive Inflow To Trigger Bitcoin Price Surge The U.S. spot Bitcoin ETFs saw positive inflows of $39.02 million on September 12, 2024, marking a reversal from previous low volumes. Conversely, Ethereum ETFs experienced a net outflow of $20.14 million, with some ETFs registering no change. Source: Spot…
[ad_1] Este artículo también está disponible en español. Avalanche (AVAX) is trading around $25 after a 10% surge since last Thursday, as the broader crypto market shows signs of recovery. Bitcoin and most altcoins are trending up from their yearly lows, with AVAX at a critical price level that could shape its price action in the weeks ahead. Related Reading Analysts and investors are closely monitoring the situation, predicting significant volatility for Avalanche. Many are calling for a potential change in trend, with some projecting a sharp and aggressive rally if AVAX can break its weekly bearish structure. However, this…
[ad_1] Market participants are eagerly awaiting the upcoming Federal Open Market Committee (FOMC) meeting, which is expected to play a crucial role in shaping the short-term outlook for Bitcoin and other digital assets. The spotlight is on the potential for an interest rate cut, and many traders and investors have been speculating about it for some time now. Although the exact magnitude of the rate cut has not yet been confirmed, there is widespread anticipation that the FOMC will opt for either a 25-basis point reduction or a more substantial 50-basis point cut. According to a prominent economist, FOMC’s decision…
[ad_1] Este artículo también está disponible en español. Crypto analyst Jelle has highlighted a bullish pattern that has been forming on the Bitcoin chart for the last three years. The analyst suggested that it could soon be time for the pattern to play out, with a price target of $100,000 and above in sight if it does. 3-Year Cup And Handle Pattern Could Soon Play Out For Bitcoin In an X (formerly Twitter) post, Jelle stated that it shouldn’t be long before the 3-year cup and handle pattern on Bitcoin’s chart starts playing out. The analyst suggested this could happen…