Tag Archives: Opinion

A position trader is making noise on social media after tweeting an ultra bullish prediction on bitcoin. The cryptocurrency’s performance in the last two halvings may have prompted the analyst to make a bold call. Other big names in the industry share a more conservative price target. Bitcoin’s recent bullish price action is giving new life to crypto enthusiasts. The crypto token is up over 12% year-to-date. While the gains are not as impressive as they sound, the...

The crypto community is on the fence regarding the May 2020 halving. Fundstrat founder Thomas Lee believes that the halving along with two other catalysts will push bitcoin to greater heights. Other analysts are also bullish on the orange coin as they predict that a new all-time high is on the horizon. There’s an ongoing debate in the crypto community regarding the May 2020 bitcoin halving. Many are claiming that the bullish catalyst is already priced in. In other...

The deescalation of the situation in Iran may have triggered a round of profit taking in bitcoin. Multiple analysts remain bullish on the top cryptocurrency predicting that it won’t go any lower than $7,800. While not all analysts are boldly optimistic, one must consider that bitcoin’s corrections during bull markets tend to be shallow and short-lived. After a strong rally catalyzed by the tensions in Iran, bitcoin is starting to show signs of exhaustion. From a low...

Peter Brandt laid out two scenarios for bitcoin last month. The recent price action of bitcoin suggests that Brandt’s immediate bull scenario is playing out. Brandt teases his followers with the possibility of a bull run in his latest tweet. The most followed trader on Twitter, Peter Brandt, made his Bitcoin Live Crypto report available for free last month. In this issue, the veteran analyst presented two bullish scenarios for the king of cryptocurrencies. The first...

Bitcoin is continuing its bullish price run and is now trading above the $7,500 mark.Bitcoin Is Still on a RollThe currency has been gaining steam a little at a time – usually $100 here, followed by $100 there. Bitcoin initially ended last week at roughly $7,300 but has gained $200 from there.This goes back to the argument we reiterated in yesterday’s piece. The way for BTC to get ahead is through a slow and steady pattern; not all at once. The latter method was already utilized and witnessed...

Ripple paints the largest volume in months. The pump is giving analysts a reason to be cautiously optimistic on XRP. Some traders expect Ripple to set the tone for other top coins. To say that Ripple (XRP/USD) had a bad 2019 would be an understatement. The cryptocurrency known as “The Standard” lost nearly half of its value last year.The monumental devaluation left many investors disgruntled. Some have accused Ripple chief executive Brad Garlinghouse of dumping XRP to hapless retail...

Google has taken a stance against an Ethereum application it thought was mining cryptocurrency.Google Moves Against Crypto – AgainThe application is known as Meta Mask, and Google has removed the wallet from its Play Store – only to quickly reinstitute it. Following a quick reexamination of the situation, Google has decided that the application was not extracting new coins like it thought and has made the application available for download once again.If this sounds familiar, it’s because...

Bitcoin has had something of a shaky start in 2020, but the currency has managed to remain above the $7,000 line, which is always a good thing.Bitcoin Trading Volume Isn’t High EnoughAccording to one source, however, cryptocurrency enthusiasts and analysts are focusing too much on the movement of the price and not enough on the daily doings that occur behind closed doors. It points out that bitcoin volumes are as low as they were in April of last year, which could lead to an increase in...

At the time of writing, bitcoin – the number one cryptocurrency by market cap – is trading above $7,400, which is the highest it’s been in the new year and the highest it’s been in a while.Things Are Both Shaky and Stable for BitcoinTo say things have gotten off to a rocky start for bitcoin in 2020 would be a bit of an understatement. While the currency did begin above $7,000, enthusiasts and traders everywhere got a bit of a scare when two days later, the currency fell into the $6,000 range...

Bitcoin corrected by over 50% from the 2019 high of $13,880. With the retracement in the last six months, some analysts believe that the bottom is in. The number one crypto is flashing accumulation signals convincing popular traders that the cryptocurrency has turned bullish in 2020. Bitcoin may have started 2019 strong but ever since it posted a high of $13,880 in June, the top cryptocurrency has been correcting. It dropped to as low as $6,425 in December. At that point, bearish calls for...