Bitcoin Price Prediction : Here’s When BTC Price Will Hit ATH
Bitcoin enthusiasts eagerly await the next Bitcoin halving, scheduled for April 2024, as it is often seen as a significant catalyst for the cryptocurrency. However, analyst Rekt Capital has raised intriguing interest in Bitcoin’s historical patterns.
Over the past few years, Bitcoin has taken anywhere from 518 to 546 days to peak after a halving event. Bitcoin could peak in either mid-September or mid-October 2025 if history repeats itself. Notably, October has historically been a strong month for Bitcoin.
He wrote on X, “Over the past several years, it has taken Bitcoin 518-546 days to top out after its Halving. If history repeats, Bitcoin could top in either mid-September 2025 or mid-October 2025.”
Rekt Capital draws attention to the similarities between the current year, 2023, and 2019 in terms of Bitcoin’s performance. In October 2019, Bitcoin saw a modest 10% rally. If Bitcoin replicates this performance in October 2023, its price could revisit the $29,200 mark.
In this scenario, Bitcoin might form an extended upward wick beyond the lower high resistance level before potentially retracing, confirming the current move as a relief rally. Rekt Capital notes that Bitcoin is 210 days away from its halving event. In the 2019 cycle, Bitcoin formed a lower high (purple) at this point, followed by a 147-day period in which it crashed by 62% to reach a macro higher low.
If a similar pattern unfolds in this cycle, Bitcoin could form another lower high soon, leading to a 27% price drop into its macro higher low (blue circle) by mid-February 2024. This would potentially place Bitcoin’s price at around $20,300.
Brian Armstrong’s 2024 Bitcoin Price Prediction: Get Ready for the Next Crypto Bull Run
Brian Armstrong, the CEO and founder of Coinbase, a pioneering public cryptocurrency exchange in the U.S., recently shared his insights on the future trajectory of cryptocurrency. Having weathered the storms of U.S. regulation and watched the digital currency space evolve, Armstrong’s take on what lies ahead is both fascinating and important for us crypto enthusiasts.
From the Internet to Crypto
Drawing a parallel between the internet’s early days and the current state of crypto, Armstrong reflected on how initial skepticism and distrust of new technology often transition to widespread acceptance. The internet, once perceived as an odd, alternative platform, has now overshadowed traditional media forms.
Similarly, while early crypto enthusiasts might have been seen as outsiders or high-risk takers, the field is gradually pulling in a more diverse crowd. It’s not just about the technology anymore but its broader applications, from the art world to remittances and beyond.
Battles With The Regulators
Armstrong is no stranger to regulatory skirmishes, especially with the Securities and Exchange Commission (SEC). But with recent legal victories suggesting a favorable tide for crypto, there’s optimism in the air. During the All In Summit, Armstrong touched on the vital theme of crypto regulation and his vision for the industry’s path forward.
Though advocating for innovation, Armstrong doesn’t shy away from the necessity of regulatory frameworks. Drawing from traditional financial industry practices, he believes in establishing essential rules that promote both safety and innovation. While centralized crypto entities should follow strict guidelines, decentralized platforms, he feels, should be treated more similarly to software entities.
While Armstrong extensively discussed the current state of cryptocurrency, he dropped hints about what the future holds. Predicting the next wave of crypto popularity and adoption, Armstrong suggests that a range of emerging use cases are paving the way for another significant bull run in the market during the first half of 2024. His reason is as the crypto industry matures and evolves, these triggers will catalyze a surge, bringing in a new wave of investors, innovations, and opportunities.
Bitcoin Price Prediction For October: Will October’s Historical Bull Run Skyrocket BTC Price?
In September, Bitcoin experienced a significant bearish trend, only to rebound slightly to $27K as the month ended. Yet, October promises increased excitement with several major events on the edge, including the SEC’s verdict on Grayscale and multiple spot ETF launches. Consequently, we might see intense price fluctuations for BTC, potentially tilting in favor of the buyers.
October Has Historically Been Bullish For Bitcoin
The Securities and Exchange Commission has been delaying its verdict on a spot bitcoin ETF, but October could provide the much-anticipated clarity for fund issuers and the crypto sector.
The regulatory body faces a decision on whether to challenge its August courtroom setback in a lawsuit involving Grayscale Investments. Additionally, we might witness the launch of the first ETFs containing ether futures in the upcoming month. As a result, there can be a buying demand for Bitcoin next month.
Drawing insights from Coinglass data, Bitcoin’s performance in October has been predominantly bullish since its inception. Starting from 2013, the month of October has consistently witnessed a surge in Bitcoin’s price, with only two exceptions in 2014 and 2018.
Diving deeper into the numbers, Bitcoin has not only seen positive returns but has managed to yield an impressive average return of over 20% during this month. Hence, from this historical data and the average return rate, there’s a compelling case to be made for Bitcoin’s price trajectory in the upcoming October. If the trend holds true and the crypto market remains favorable, we could very well witness Bitcoin’s price soaring to an approximate value of $32,400.
While historical data provides valuable insights, the crypto market is known for its volatility, and external factors can influence price movements. Hence, it is advised to do your own research before investing in Bitcoin.
What’s Next For BTC Price?
After several days of challenges, Bitcoin surged past the moving averages recently. Currently, the bulls are working to prevent the bears from pulling the price below the 20-day exponential moving average, priced at $26,840. As of writing, BTC price is trading at $27,022, surging over 0.5% from yesterday’s rate.
There’s a rising bullish crossover in the moving averages, and with the relative strength index (RSI) showing positive signs, it suggests an upward momentum. A slight resistance is predicted at $27,500, but it’s expected to be surpassed.
The BTC price might then approach the next resistance at $28,201, and if successful, it might head toward $30,108, where a significant tug-of-war between the bulls and bears is anticipated.
On the flip side, the $26,000 mark is crucial. If breached, the bears might gain advantage. This could potentially lead the price to plummet towards the strong support level of $24,845.
Shiba Inu Price Prediction: If History Repeats, SHIB Price Prepping Up for 422% Rally in October
Shiba Inu (SHIB) has been a subject of great interest in the crypto community, particularly in its performance in October. Over time, SHIB has grappled with a critical psychological barrier at the $0.00008 price level. This resistance has proven quite formidable, repeatedly halting its attempts to surpass it.
SHIB Price Poised For Massive Rally in October?
As October nears, the market may open its doors to more bull rallies. The data provided by the CryptoRank transpires this. Experts say historical data never lies, and deep down, there is an exciting trend for Shiba Inu (SHIB) that worked for the coin in the past. Previous parameters have seen notable price movements for SHIB and the broader crypto market in October. In October 2021, SHIB surged an astonishing 822%, reaching an all-time high of $0.00008845.
Even in October 2022, it gained 10.4% despite a slight dip the previous month. For those speculating on Shiba Inu’s potential price pump, it’s worth noting that if the cryptocurrency follows its average October increase of 422% from its current price of $0.00000735, it could reach a price point of $0.00003101. Since the coin had failed multiple attempts to break out of the consolidated range, the breakout happened for a very short period, following which the bears pulled back again, resulting in the coin trading sideways.
However, it’s crucial to remember that past performance doesn’t guarantee future results, especially in the unpredictable crypto world. So, while these projections are intriguing, it’s wise to be cautious and not rely solely on them for investment decisions. Always be mindful of potential risks.
So, what developments are Pumping this Huge Rally?
Notably, a long-dormant Shiba Inu ($SHIB) whale recently became active after a year. This came to light when Shiba Inu ($SHIB) expressed plans to renounce the $BONE smart contract. Renouncing $BONE is essential for potential listing on major exchanges, and the community is urging the Shiba Inu team to take this step.
Another significant event is that HSBC added it to its payment system with XRP. On-chain Shiba Inu activity is also raising investor interest. After Shibaruim tethered Shiba’s adoption hype, ShibariumID’s domain name service will launch in late October. It will be interesting to see if this digital authentication system can cause a Shiba Inu token price boom or if it will be a nosedive fall.
Over the past two weeks, Shiba Inu has traded in a descending wedge between $0.000000712 and $0.00000742, suggesting extensive price activity.
LINK Price Prediction : Chainlink Poised for a Massive Rally, Analyst Maps High Levels
After a period of volatility earlier in the month, Chainlink (LINK) has shown bullish momentum, emerging as a top performer in the crypto market over the past week. The coin is currently trading within an upward channel and has recently experienced a golden cross, hinting at potential value appreciation in the near future.
However, a glance at the Relative Strength Index (RSI) builds a possibility of red candlesticks or sideways movement in the coming days. The RSI is nearing the overbought zone above 70.0, which typically leads to corrections as the market cools down after a period of overheating.
At present, LINK is trading above the $6.50 level and the 100 simple moving average on the 4-hour chart. Additionally, if the bulls gain power and ignite bullish momentum, the price is predicted to break out of the rising channel and test its resistance level of $7.25. If there’s an upward push, resistance may be encountered near $7.45, followed by significant levels at $7.50, $8.00, and $8.20. The next major hurdle is anticipated around $8.50, with a potential test at $8.80 following a breakthrough.
Here’s are the target’s revealed by analyst.
Analyst Predict Short-term Bullish Trend
Crypto analyst Kevin Svenson suggests that Chainlink (LINK) could be on the cusp of a breakout rally. He points out that LINK recently surpassed the 500-day Simple Moving Average (SMA), a significant long-term indicator. Is it a potential sign of a broader shift in the cryptocurrency’s trajectory? Giving his nod, Svenson anticipates a short-term bullish trend, possibly rallying towards the macro resistance level.
Moreover, looking at the RSI indicator he cautions that LINK might require more time before entering a full-fledged bullish phase. He highlights a resistance line at around $10.90, suggesting a range of interest between $10.13 and $11. In the event of a breakout, a retest of lower levels may occur before a sustained upward move. Currently, LINK is valued at $7.60, marking a 2% decrease in the past 24 hours.
On the other hand, it appears that the price is currently waiting to reflect the decision of the Federal Reserve, crypto legislations, economic turbulences, and more!
Crypto Market Prediction: ADA, XRP, and BNB Price Expected to Decline Soon
A cryptocurrency analyst is “bearing” his predictions for ADA, XRP, and BNB as the altcoin market shows signs of vulnerability. In a recent video update, Nicholas Merten, the host of DataDash, warned about the potential for several altcoins to experience a massive market correction; what’s the matter is the culprit liquidity due to micro factors running the crypto show? Delve in to know the analyst’s take on the price action of your favorite altcoin in the coming week.
BNB, Middling with Lower Support Levels
Nicholas Merten’s analysis suggests that Binance Coin (BNB) could face a significant decline, potentially exceeding 38% of its current value. This projection transpired because BNB recently slipped below two critical long-term support levels. Over the past few months, BNB has been on a downward trajectory, failing to surpass $350 in 2023. This led to a sharp reversal, dropping the price to around $200. This pattern is visually represented as a falling wedge on the one-day chart.
All this adds to one scenario, which prompts a challenge to the support trendline of the falling wedge pattern. Currently, BNB is trading at $211.25, showing a 1.4% increase in the past 24 hours.
XRP May Face a Short-Term Downtrend
For XRP Price, Nicolas sees short-term pressure and expects a possibility of a 70% drop due to a substantial sell-off. Recent technical indicators suggest a “death cross” between the 50 and 200 Moving Averages (MAs) on the weekly charts, signaling potential short-term bearish sentiment. Herein, he advises caution for potential XRP investors and recommends waiting for a support level test at $0.15 before considering it a speculative asset. Currently, XRP is trading at $0.50, showing a slight 0.4% increase in the last 24 hours.
Cardano (ADA) Price May Drop to 37%
Last but not least on his list is Cardano (ADA); Merten predicts a drop of more than 37% from its current value. Despite some optimism surrounding the formation of a potential triple-bottom pattern, analyst highlights consistent resistance and weakening relative highs over time, indicating a potential decline to $0.15.
In a similar situation, Ethereum (ETH) is facing rejection, as it has been locked in a bearish cycle since April 2023, struggling to maintain support above $2,000. Currently trading at $1,588, ETH has found stability around $1,425 after grappling with the $1,500 mark.
The analysts projected a brief downturn in September, but adoption will occur in October if all goes according to plan.
XRP Price Prediction: Analysts Predict XRP Price to Surge 1160%
After an extended consolidation period, XRP investors eagerly await a potential breakout. This article discusses the short-term challenges, long-term outlook, and key developments around Ripple’s global expansion. We must consider these factors while exploring Egrag Crypto’s insights on XRP’s future price performance.
Short-Term Challenges:
XRP faces immediate hurdles due to a recent weekly “death cross” between the 50 and 200 Moving Averages (MA), potentially signaling bearish short-term sentiment. A similar cross may emerge on the daily timeframe. Despite these indicators, the long-term perspective for XRP remains optimistic.
Ripple continues establishing critical international connections, a promising sign for mainstream XRP adoption. These endeavors hint at a broader market reach beyond the United States.
Egrag Crypto’s Price Prediction:
Notable XRP enthusiast Egrag Crypto predicts an impending breakout that could lead to price discovery, targeting approximately $6.7. His analysis is based on a four-month candlestick pattern. Historically, XRP’s four-month rallies exceeding 300 percent have resulted in an average gain of about 1160 percent. Egrag Crypto expects XRP to trade between $6.5 and $7 during the next four-month candlestick breakout.
Technical Validation:
Egrag Crypto’s forecast aligns with the Fibonacci 1.618 level on the weekly timeframe. This alignment adds weight to his prediction. He encourages long-term XRP buyers to maintain their positions and patiently anticipate the final breakout, which could be triggered by Bitcoin’s halving event in the first quarter of the following year.
Legal Factors:
It’s important to note that the legal action between the United States SEC and Ripple significantly impacts XRP’s price. However, Ripple recently gained an advantage when the presiding judge ruled that XRP sales on crypto exchanges do not constitute investment contracts.
Shibarium MathWallet and Shiba Budz TreeHouse Gaming: Shiba Inu Price Prediction
Two exciting projects that have gained attention recently are Shibarium and Shiba Budz (BUDZ) TreeHouse gaming. Shibarium, a layer 2 scaling solution, has released MathWallet integration, while Shiba Budz (BUDZ) has introduced its TreeHouse gaming platform. These advancements have sparked interest among cryptocurrency enthusiasts and gamers alike. In this article, we will explore how these developments will attract gamers and provide an overview of the Shiba Inu (SHIB) price prediction.
Shiba Budz TreeHouse Gaming Platform
One of the most exciting developments within the Shiba Inu (SHIB) ecosystem is the introduction of the Shiba Budz (BUDZ) TreeHouse gaming platform. This decentralized blockchain platform aims to revolutionize the gaming industry by offering a Play-to-Earn model. With this model, gamers have the opportunity to earn real-world value through blockchain tokens by participating in games within the TreeHouse platform.
The TreeHouse gaming platform is deeply rooted in cannabis culture, incorporating elements such as virtual hemp farms and dispensaries. Players can engage in various gaming tasks and competitions within the TreeHouse, earning Shiba Budz (BUDZ) tokens as they play. These tokens can then be exchanged for real-world value, creating a new dimension of financial opportunities for gamers.
By tokenizing in-game assets, the TreeHouse gaming platform ensures true ownership and verifiability of assets. This provides players with a sense of security and protection of their virtual possessions. Additionally, the use of blockchain technology ensures transparent and decentralized transactions, minimizing fraud and creating a fair gaming environment.
Shibarium and MathWallet Integration
Shibarium, a layer 2 scaling solution for the Shiba Inu (SHIB) ecosystem, has made significant progress with its recent integration with MathWallet. MathWallet is a decentralized wallet that provides a secure and user-friendly interface for managing cryptocurrencies. This integration allows Shibarium users to easily access and interact with the Shiba Inu (SHIB) ecosystem, enhancing the overall user experience.
With the MathWallet integration, Shibarium users can now securely store their Shiba Inu (SHIB) tokens and participate in various activities within the ecosystem. This includes engaging with the Shiba Budz (BUDZ) TreeHouse gaming platform, which we will explore in more detail later in this article. The integration of MathWallet ensures that users have complete control over their funds and can confidently engage with the Shiba Inu (SHIB) ecosystem.
Shiba Inu Price Prediction
As with any cryptocurrency, price predictions are subject to various factors and market conditions. While it is challenging to provide an accurate price prediction, analysts and experts have offered their insights on the future price of Shiba Inu (SHIB) tokens. It is important to note that these predictions are speculative and should be taken with caution.
According to some price predictions, Shiba Inu (SHIB) has the potential to experience significant growth in the coming years. The introduction of innovative projects within the Shiba Inu (SHIB) ecosystem, such as Shibarium and the Shiba Budz (BUDZ) TreeHouse gaming platform, may contribute to the token’s future value.
However, it is crucial to conduct thorough research and analysis before making any investment decisions. The cryptocurrency market is highly volatile, and prices can fluctuate rapidly. It is advisable to seek the guidance of financial professionals and stay informed about market trends and news.
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Ripple Price Prediction: Here’s When XRP Price May Hit New All-Time High (ATH)
While Bitcoin and Ethereum grapple with price stabilization, Ripple’s XRP has emerged as a standout performer within the elite group, demonstrating over a 5% gain in value over the past week. Still, the market is on the path to regaining stability as the crypto space has started moving sideways.
However, a seasoned analyst known as EGRAG offers a sobering perspective on XRP’s future, suggesting that a new all-time high (ATH) may be more than five years away based on extensive historical data.
While the XRP price may not excite many, EGRAG remains confident in XRP’s potential to spearhead the upcoming financial revolution, analyzing its exceptional speed, efficiency, and cost-effectiveness as critical factors. Amid ongoing digital transformation, EGRAG asserts that XRP is primed to take the lead in digital monetary dominance.
With the scale of the impending financial crisis in view, XRP’s transformative impact on the financial sector could be substantial. With Settlement rumors doing the round, many predict XRP will get a new boost in the market, and by next year, before halving, it will be $21.
Also Read : Ripple Price Prediction 2023 – 2025: Will XRP Be Your Best 2023 Investment At $0.50?
But EGRAG’s analysis tells a different story. As history never lies!
XRP Consolidation May Last Five Years
Transpired by her strong historical data, EGRAG’s analysis delves into the potential scenarios XRP might face in the years leading up to what some anticipate as an impending financial crisis. He suggests that XRP’s price movements seem to adhere to a pattern tied to a factor of 3.16 times the duration of the previous cycle. Well, this observation leads him to project a waiting period of 2,632 days from the peak of 2014 to the present.
In practical terms, XRP enthusiasts and investors are suggested to keep calm before the storm for an extended period before witnessing a substantial surge in value. EGRAG’s projection suggests a prolonged consolidation phase for the XRP market before the anticipated rally commences.
A technical principle states, “The longer the consolidation, the stronger and lengthier the ensuing breakout.”
While specific price targets for this projected rally are not provided, EGRAG’s analysis encourages a long-term perspective for XRP investors, highlighting the potential for substantial shifts in the digital asset’s value over time. Currently, XRP is trading at $0.5121, marking a 0.71% increase over the past 24 hours. In the short term, EGRAG had previously predicted an XRP rally to $1.4.
Shiba Inu Price Prediction: Here’s When SHIB Price Might Hit $1
The market is moving sideways, so a bit of chop and ups and downs will be an added spice to many aspiring coins. And how can the Dogecoin killer remain untouched? With a cold Shibarium launch, Shiba Inu’s price is again back to square, struggling to break key resistance levels. Even the on-chain metrics showed a downtrend.
All because giant whales are accumulating more SHIB, resulting in low volatility, making a hold at short positions. From here onwards, achieving $0.0001 would require Shiba Inu to surpass its all-time high of $0.00008845, set in October 2021. Despite being significantly down from its peak, there is hope for a recovery, though the timeline remains uncertain.
Uptober will be a month of price boosts with impending activities lined up. The market outlook is volatile, with anticipation for improved sentiments pending the Bitcoin ETF decision in October.
Also Read : Shiba Inu Price Prediction 2023 – 2025: Will Shiba Inu Boost in 2023?
Shiba Inu coin Price Prediction
Giving slow and believable targets, Telegaon’s report, predicts that Shiba Inu’s price could reach $0.0001 by 2027, signifying a remarkable 1,231% surge in value over four years. Telegaon’s projections go even further, envisioning an average price of $0.000153 for SHIB in 2027. But getting deep into the platforms, it anticipates a minimum price range of $0.0000945 and a maximum of $0.000198 for the same year.
Looking ahead, Telegaon’s projections for SHIB’s performance extend until 2050, suggesting a continual upward trajectory. Notably, they foresee Shiba Inu reaching $1 by 2050. As of now, SHIB is trading at $0.00000751, reflecting a 3.16% increase over the last 24 hours, though it has faced challenges in maintaining levels above $0.000008, resulting in a 7% decline for the year.
What’s Next For SHIB Price?
In the last 24 hours, SHIB has seen a surge in buying activity, breaking above the bearish channel pattern and surpassing the EMA100 trend line, currently trading at $0.0000076, up over 5% from yesterday. Sellers, however, are putting up resistance near EMA200. Despite attempts, bears struggle to push the price below the robust support level at $0.000007, indicating active bulls are willing to buy during dips.
Hence, a minor downward correction is expected due to RSI levels entering the overbought region. If bulls push the price above EMA200, it could signal a sustained recovery targeting levels of $0.0000084 and potentially $0.0000088. Conversely, a breach of $0.000007 may lead to a potential decline towards $0.000006.
However, Telegoan’s projections are not investment advice yet they speak a lot about SHIB’s projected moves in the coming weeks. Will Spot ETF’s craze going to suppress SHIB’s price? Only time will tell.
Crypto Market Prediction: Here’s Where BTC, ETH, & XRP Price Heading This Week
Ending the week before on a bullish note with a 5.48% jump, the trendline breakout anticipation for Bitcoin this week was extremely high. Proving otherwise, the biggest cryptocurrency, Bitcoin struggles to sustain the trend momentum.
With a bullish start for the week, the 2.57% immediately crossed the 50 and 200-day EMA. The uptrend resurfaces above the $27,000 mark to challenge the overhead trendline. This short-term resistance trendline has been a crucial supply inflow spot for the past few months.
Overpowering the recovery rally in Bitcoin price easily, the resistance trendline prevails. The reversal in BTC price from the trendline creates an evening star pattern with a 2.08% fall on Thursday.
In the larger trend, the downtrend continues with lower high formations, and the death cross becomes a sigil of a bear trend in motion. Meanwhile, the MACD and RSI indicators show a rise in bearish sentiment as the uptrend shifts sideways gradually.
With such a sharp decline as the week concludes, Bitcoin may struggle to absorb the supply influx. Therefore, the technical viewpoint remains bearish.
Nevertheless, the upcoming Bitcoin ETF decision in October may unlock a hopium drive during this month’s end. The trendline breakout will be the pivotal entry point for sideline buyers, unleashing the trapped bullish momentum.
Will Ethereum Share Bitcoin’s Story Or Reclaim $2000?
The overall 2023 remains bullish for Ethereum price, with a Year-to-date growth of 33%. The recent correction, however, warns of prolonging the downtrend journey for the biggest altcoin.
Currently moving in a falling channel, the bearish momentum is increasing significantly in the Ethereum price trend. Further, the high volatility puts the ETH price on a razor-sharp edge.
With a 1.78% fall this week and the weekends yet to cross, the ETH price may soon start a negative cycle in the falling channel. Supporting the bearish view, the ETH price action takes higher price rejection from the overhead trendline.
The recent 3.63% fall over days forms two engulfing red candles that may be the spark plug of the coming fall. The 0.59% recovery yesterday brings the ETH price closer to $1600 and brings a breather phase.
If the ETH price manages to avoid a downfall this weekend, the chances of a recovery may arise with a new week, given that Bitcoin sustains above $26K.
The next pivotal entry spot for buyers is at the trendline breakout, which will end the downtrend in the falling channel. Moreover, the breakout rally shows potential to reclaim the $2000 mark by next month.
With XRP Price Struggling, Will Buyers Stay Strong At $0.50?
Despite losing out on the 73% gain of its partial victory against the SEC, Ripple remains bullish in 2023. With 53% Year-to-date growth in 2023, the XRP price remains an overall uptrend.
Failing to achieve the dream of reclaiming the $1 mark, the XRP price falls back to $0.46. The buyers try to propel the prices back above the 200-day EMA to avoid the death cross, but the frequent supply inflow nullifies the attempts.
Currently, the XRP price struggles to rise above the 200-day EMA as it falls 2.78% this Thursday. Putting a dent in the 5.98% jump over the week, the XRP price struggles to avoid the death cross.
Considering the uptrend revives to sustain above $0.50 this weekend, the XRP price is set to rise in the coming week. However, the uptrend may soon hit the $0.54 ceiling before continuing the trend.
Conversely, a bearish turnaround will cement the death cross possibility and drop the XRP price to $0.40.
In conclusion, the volatility we have been experiencing in the crypto market this month is expected to continue this coming week.
Chainlink Price Prediction: LINK Price On The Verge Of A Breakout?
The crypto industry continues to trade sideways as the bulls constantly fail to hold the price and continue struggling to stabilize the market. On the other hand, Chainlink has become the top performer among the cryptocurrencies in the past week.
Following the massive price volatility the token experienced in the first half of the month, Chainlink’s price has gained bullish momentum. The coin is presently trading in a rising channel. Further, the LINK price has recently experienced a golden cross, indicating the possibility of the coin rising in value in the coming days.
The RSI has been constantly trading above the midpoint and close to its overbought range for over a week, indicating high buying and selling power. Further, the chart displays a minor decline in its averages, indicating a possibility of a bearish turnover in the coming days.
On the other hand, the MACD displays constant fluctuations in its histogram, indicating the possibility of massive price action this month. Moreover, the chart displays a bullish convergence in its averages, indicating a high possibility of bullish price action for the coin.
If the bulls gain power and ignite bullish momentum, the price is predicted to break out of the rising channel and test its resistance level of $7.275. Further, if the price manages to hold the level, it will make a run and test its upper resistance level of $7.463 by the end of the month.
On the flip side, if the bears take the market and a trend reversal occurs, the price will fall, lose its value, and test its support zone of $6.74 soon. Further, if the bearish trend continues and the price continues to fall, it will test its lower support zone of $6.3 this month.
Bitcoin Price Prediction October: Can Traders Expect Bullish ‘Uptober’
The Bitcoin (BTC) price is teetering on the edge of ending a two-week winning streak, with bears threatening to push it below the $25,000 mark before the end of this month. As Coinpedia has consistently informed its readers, historically, September in the year before a halving event tends to be bearish for Bitcoin and the overall cryptocurrency market.
However, October in the same pre-halving year has often been identified as bullish. Nevertheless, with more participants entering the Bitcoin market and improving liquidity, overall BTC volatility is expected to decrease significantly, resulting in diminishing returns.
In the current landscape, extreme gains for cryptocurrency holders seem to be shifting towards the altcoin market, albeit struggling due to low liquidity.
Where is Bitcoin Price Heading Next?
Crypto Tony, a prominent digital asset analyst on the X platform, has weighed in on Bitcoin’s price action. He predicts that Bitcoin’s price will likely conclude September with a minor correction following an impulsive move towards $27.4k. After facing rejection at a key demand/supply level, the Analyst anticipates that Bitcoin’s price will establish substantial support around $25.3k, serving as a bullish foundation for the month of October, often referred to as ‘Uptober.’
On the higher end of the spectrum, Crypto Tony envisions Bitcoin’s price rallying as high as $28.5k before a shift in momentum toward bearish territory. Moreover, in a bear market, the fear of missing out (FOMO) and hype surrounding a particular crypto asset frequently trigger a price decline, prompting short-term investors to react. A potential Bitcoin price decline could either stimulate an altcoin rally or trigger a broader cryptocurrency sell-off as investors seek refuge in stablecoins in pursuit of more affordable prices.
Bitcoin Price Prediction 2023 – 2025: Insights from Billionaires and Experts
Luke Mikic, a respected figure in cryptocurrency, has brought to our attention some exciting predictions made by billionaires and long-time Bitcoin enthusiasts for 2023. Ric Edelman, who started a massive $241 billion company, believes that Bitcoin could be worth a whopping $150,000 by the summer of 2025. But he’s not alone in thinking this.
Bitcoin Price Predictions 2023 – 2025 by Top Billionaire
In a Twitter post by Luke Mikic, he signified that another five billionaires and Bitcoin OGs made some HUGE predictions in 2023.
Among these voices, Dan Moorhead, the CEO of Pantera Capital, thinks Bitcoin is in its seventh booming period and could hit an impressive $147,843 by August 2025. Meanwhile, Dan Tapiero, the CEO of the renowned “10T” hedge fund, predicts Bitcoin will reach $100,000 in 2024, just after the 2024 halving event.
Standard Chartered Bank, one of the early billionaire entrants into the Bitcoin prediction game in 2023, boldly anticipates a price of $120,000 for Bitcoin by the conclusion of 2024.
Another influential figure in the cryptocurrency world, Adam Back, known for being personally referenced in the Bitcoin whitepaper, is betting on Bitcoin’s bullish future. He envisions a chance for Bitcoin to hit $100,000 before its 2024 halving, which is just 212 days away.
But the most exciting prediction comes from Peter Thiel, who, at the 2022 Bitcoin conference, said Bitcoin could go as high as $4 million. However, he also talked about some challenges, like environmental concerns. He mentioned people like Larry Fink and Jamie Dimon as possible roadblocks.
Jamie Dimon and JP Morgan have recently shown a more positive view of Bitcoin. The SEC might approve Bitcoin ETFs after Grayscale’s success.
2023 feels much like 2020, when Bitcoin hadn’t reached its highest point yet, but billionaires were quietly getting involved. These influential predictions are shaping Bitcoin’s future, creating excitement in cryptocurrency.
Bitcoin Price Prediction 2024: What’s In Store For BTC Price, Crypto Experts Offer Insights
In 2023, Bitcoin embarked on a rollercoaster journey, commencing with a robust start that ignited hopes of a crypto market resurgence. However, recent fluctuations have left it teetering around the $26,000 mark, casting uncertainty over its future, especially in light of the impending Bitcoin halving in 2024. Over the past month, Bitcoin has suffered a drop exceeding 10%, further intensifying the atmosphere of unpredictability.
Financial analyst Layah Heilpern diligently compiled a range of forecasts from experts regarding Bitcoin price prediction in 2024. These predictions diverge significantly; Tim Draper is optimistic with a lofty projection of $250,000, while JP Morgan adopts a more cautious stance with an estimate of $45,000. Cathie Wood’s audacious prediction of $1 million stands out, Arthur Hayes anticipates $70,000, and Robert Kiyosaki envisions Bitcoin scaling the heights of $100,000.
Amid this array of forecasts, Layah Heilpern puts forth her own prediction, positing a target of $75,000 for Bitcoin in 2024. However, she adds an intriguing twist, suggesting that the true bull market might not materialize until 2025. Her statement on X underscores this perspective, “My projection appears the most grounded. I foresee the real bull market igniting in 2025.”
Reflecting on Bitcoin’s recent history, it reached a record pinnacle of $68,789.63 in 2021 but experienced a substantial decline to $15,760 in 2022. The onset of 2023 brought renewed optimism as Bitcoin surged by 83%, breaching the $31,035 mark. However, mid-August delivered an unexpected blow, resulting in a rapid 7.2% drop that saw Bitcoin’s value plummet from $29,000 to $26,000 in less than a day. Currently, Bitcoin hovers around $26,632, with a prevailing bearish sentiment permeating the market.
Adding to the complexities, forthcoming events such as the impending release of PPI and CPI rates later this week have the potential to inject heightened volatility into the market.
Ethereum Price Prediction: Will ETH Drop To 2022 Lows?
Ethereum (ETH) has experienced a significant price dip, hitting $1,540 in the past 24 hours. This marks the first time it has touched this level since March 12, 2023. The drop in Ethereum’s value is a result of a recent surge in pessimistic sentiment, mainly due to the impending FTX asset liquidation, injecting approximately $192 million worth of Ether into the market.
The crypto bear market rally has also faced challenges in the latter part of the year.
Bears are Tightening Their Grip
Examining Ethereum’s price movement, the market intelligence platform Santiment suggests that bearish forces could gather steam in the coming weeks. Santiment’s analysis indicates a movement of substantial amounts of idle Ether in recent days, signaling potential advantages for bears.
This aligns with the common observation that asset prices tend to decrease when the mean dollar age decreases.
Read More: This Week Could Be Crucial For Bitcoin & These Altcoins- But Why?
Long Traders Might Be In for Disappointment
Ethereum’s price decline has been disheartening for long traders who had hoped for a rally above $2,120 following the Shanghai upgrade earlier this year. With the confirmed bearish trend in August, it’s probable that Ethereum’s price will continue to decrease, possibly revisiting the bear market lows of around $1,000 seen in 2022. As long as the weekly death cross between the 50-day and 200-day moving averages remains in place, Ethereum’s price is expected to remain trapped in a bearish sentiment.
However, Ethereum, known as the leader in smart contracts and the DeFi ecosystem with a total value locked (TVL) of over $20 billion, might find temporary support around $1,372.
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What is your price prediction for Ethereum in the next few months?
Crypto Market Prediction: Analyst Maps Buy Levels For Bitcoin and Major Altcoins
In the world of cryptocurrency, the winds of uncertainty are blowing, with many predicting a forthcoming market selloff. If these predictions materialize, the total valuation of the crypto market may dip below $1 trillion once again. Historically, September, particularly before Bitcoin’s halving, has proven to be a bearish month for the leading cryptocurrency and the broader altcoin industry.
Notably, on-chain data reveals that institutional funds are steadily flowing into the market, regardless of the price volatility that has been witnessed recently. Just last month, an address holding more than $3 billion worth of Bitcoins was traced back to Robinhood Markets, further underscoring the growing institutional interest in the crypto space.
Bitcoin and Altcoins Predictions
According to a prominent crypto analyst, known as Blockchainedbb on the X platform, the crypto market is on the cusp of a significant buying opportunity. The analyst anticipates a drop in Bitcoin’s price, with a projected range between $19,000 and $21,000 in the near future. However, Blockchainedbb does not foresee Bitcoin falling below the $18,000 mark again.
Turning to the altcoin market, the analyst anticipates a similar trend, with Ethereum poised to drop by approximately 23%. Ethereum’s price is expected to range between $1,000 and $1,200 in the coming weeks. Furthermore, the analyst has issued price targets for select altcoins, including Solana (SOL) at around $10, OCEAN at $0.20, Ripple’s XRP at 40 cents, TRIAS at $2.90, and Elon Musk-backed Dogecoin (DOGE) at $0.04.
However, it’s worth noting that the crypto market has displayed a propensity for sudden upswings, even amidst bearish sentiments that have led to mass trader liquidations.
XLM Price Prediction: Analyst Predicts Stellar Price To Surge 500% In Coming Months
In recent times, the blockchain payment project Stellar (XLM) has witnessed substantial growth, primarily attributed to a surge in adoption by institutional investors. This ascent comes as its closest rival, Ripple Labs, grapples with regulatory hurdles stemming from programmatic XRP sales.
Stellar Lumens (XLM) has not only managed to navigate these challenges but has also thrived, forming strategic partnerships with prominent entities such as BlackRock, Circle USDC, and humanitarian aid organizations.
Despite its success, the price of XLM has been closely mirroring the fluctuations of XRP, owing to market speculation about regulatory implications. According to the latest cryptocurrency market data from Tradingview and Coingecko, XLM was trading at approximately $0.1245 against the United States dollar on Friday, marking a decline of about 2.54 percent over the past five days.
XLM Price Analysis
Digital asset analyst Egrag Crypto, a well-known figure in the crypto community, shared insights on the X platform. Egrag Crypto suggests that Stellar Lumens (XLM) could be on the verge of a significant breakout, potentially exceeding $1 in value.
This bullish outlook is contingent on a cross between the 21 Exponential Moving Average (EMA) and the 200 Moving Average (MA) in the weekly time frame. If this bullish crossover materializes in the coming months, Egrag Crypto anticipates a staggering price rally of over 500 percent, reaching approximately $1.10.
Notably, the analyst draws parallels between the current bear market for XLM and the one experienced between 2018 and 2021. Presently, the XLM price is undergoing a retest of the support level at approximately 11 cents, which coincides with the 50 Moving Average (MA) on the weekly timeframe. However, the stability of this support level is under threat due to prevailing bearish sentiments within the crypto market.
Underestimated Giants or Hype? VC Spectra’s (SPCT) Shocking Prediction
Conflux (CFX) recorded a significant price dip going into September 2023. On the other hand, NEO saw a minor price surge after sustaining a bearish trajectory throughout August. Right now, investors are buying VC Spectra (SPCT) tokens after analysts predicted a 220% surge at the end of its presale stages. Let’s find out what analysts are saying about these three tokens.
Conflux (CFX) Loses Bullish Momentum in Early September 2023
Recently, Binance (the world’s best cryptocurrency exchange) announced support for the upcoming Conflux (CFX) hard fork upgrade. This Conflux (CFX) upgrade is scheduled at the Conflux (CFX) epoch of 79,050,000, and no fresh tokens will be unlocked.
According to Binance, deposits and withdrawals for Conflux (CFX) tokens will stop around 4:00 p.m. on September 7, 2023. Once Binance determines the reliability of the upgraded Conflux (CFX) networks, the exchange will enable Conflux (CFX) trading.
Conflux (CFX) gained 7.7% on September 5 after the token surged from $0.1222 to $0.1316. However, Conflux (CFX) is trading for $0.1258, falling 29% from its price of $0.1777 last month. According to experts, Binance’s announcement triggered a temporary surge for Conflux (CFX), and Conflux (CFX) may likely remain bearish until the end of September.
NEO Attempts Surge After Extended Bear Run
NEO has scaled many hurdles on its journey to becoming one of the best altcoins in the crypto industry. In July 2021, Neo N3 was featured on Chain Catcher, and the platform outlined N3’s new features and governance incentives that are still in effect in 2023. NEO blockchain users are rewarded when they stay active, and NEO voters enjoy up to 37% ROI.
NEO has yet to join the league of top altcoins, and the token maintained a bearish trajectory in August 2023. On August 14, NEO traded at $8.57, lost 17.74%, and traded at $7.05 on August 31. However, NEO attempted a price surge in the first week of September.
On September 4, NEO traded at $7.00. In less than 24 hours, NEO surged 4.62%, and the token is currently trading for $7.30. According to experts, this surge was a result of the cheerful mood in the crypto market, and NEO may return to its bearish price movement soon.
Experts Predict Massive Price Surge for VC Spectra (SPCT) in Q4 2023
VC Spectra (SPCT) is a trading and asset management platform in fintech, web3, and blockchain investment. The decentralized hedge fund aims to drive innovation in the blockchain industry by strategically investing in high-value ICOs, promising new defi projects, and other blockchain ventures. In summary, VC Spectra’s (SPCT) team helps crypto investors make better decisions.
VC Spectra (SPCT) employs a team of blockchain investment experts and web3 venture capitalists to help make the right vet and handpick suitable crypto projects to fund. In addition, VC Spectra (SPCT) offers flexible trading tools that allow regular VC Spectra (SPCT) holders to execute more profitable trades on the platform.
Currently, VC Spectra (SPCT) is selling for $0.025, and it will surge 220% when all presale stages end. VC Spectra (SPCT) will trade for $0.08 on major crypto exchanges, and analysts say VC Spectra (SPCT) may record a sharper price surge if the market adopts it speedily.
Learn more about the VC Spectra (SPCT) presale here:
Presale: https://invest.vcspectra.io/login
Telegram: https://t.me/VCSpectra
Twitter: https://twitter.com/spectravcfund
XRP Price Prediction: Analyst Anticipates Dip to $0.28, Then Surge to $1
XRP stands at a pivotal crossroads. A comprehensive assessment by Poseidon, a well-acknowledged crypto pundit, offers insights into the coin’s future trajectory. With the recent turbulence, where does XRP go from here?
Let’s break down Poseidon’s prediction and analysis.
Diving into Monthly XRP Price Predictions
In its heyday, XRP stood out among its heavyweight peers, experiencing a meteoric rise, particularly during market bubbles. However, events like a lawsuit against it prompted a surge, which was unfortunately not sustained due to a lack of buyers, said Poseidon. The recent erratic behaviors point towards two crucial levels – $0.40 (mid-point) and $0.28 (the lower limit). With the previous month closing below the high range, Poseidon predicts an imminent dip to $0.40.
A Glimpse of the Weekly Chart
The weekly landscape reveals XRP’s abrupt ascent, primarily driven by news influences. While a continued bullish trend would have seen the coin settling above its high range, it appeared to falter due to scarce buyers. The present scenario indicates a potential drop to the $0.40 mark. Post this, a slight surge is expected, only to be followed by a slump to the $0.28 mark. The crypto market’s volatile nature is highlighted with Poseidon’s statement: “This market is unforgiving.”
Day-to-Day Speculations
On the daily front, the charts illustrate a series of rapid hikes, only to be shadowed by a slower, more painful descent. The swift fall from its peak has left a gap in its wake, creating a window of uncertainty. Poseidon stresses that if XRP dips below $0.28, he’d reconsider investing, eyeing a 15-fold return on a bullish run. And while there’s no certainty regarding its all-time high, the odds of XRP touching $1 in a favorable bull market remain promising.
At present, with XRP trading at $0.50 and showing bearish signs both daily and weekly, the market awaits its next move.
Crypto Market Prediction For September: What’s In Store For Bitcoin Price
As the cryptocurrency market embarks on the unpredictable journey of 2023, there’s an overwhelming sense of unease among crypto enthusiasts. September, in particular, has earned a reputation for instilling fear in the hearts of investors, driven by historical data revealing a recurring pattern of losses during this month, prompting experts to tread cautiously in the month ahead.
Historical Data and Market Volatility Raise September Anxiety
Bitcoin, the leading cryptocurrency, has a less-than-rosy track record when it comes to September. Over the past 13 years, Bitcoin has concluded the month in the red on nine occasions, making it the least favored month for crypto investors. The only positive Septembers occurred in 2015 and 2016, with an average monthly return of -5.56%, which, considering Bitcoin’s inherent volatility, is not particularly significant.
What’s noteworthy is how substantial September losses tend to precede or coincide with bull markets. In 2014, Bitcoin experienced a staggering 19% loss, and in 2019, during its trading of around $9,000, it suffered its second-largest September loss.
Given the current market conditions, there’s a possibility that Bitcoin may follow a similar trajectory as in previous years, entering a stagnant period. This situation presents an opportunity for investors to accumulate assets like Bitcoin and Ethereum during this phase of relative stillness.
Crypto Analyst Warns of Prolonged Streak of Negative Returns in September
Crypto analyst Will Clemente, renowned for his extensive following of 689,000 individuals, highlights a concerning observation about September. This particular month has consistently showcased the fewest instances of positive returns and has maintained a streak of negative returns spanning over six years. These notable trends, combined with various other contributing factors, suggest that the upcoming month could pose significant challenges for investors.
While Bitcoin holders might encounter minor losses due to an extended consolidation period, there is potential for positive returns in October. Historical trading data ultimately reveals that October often brings substantial profits, with six out of nine years resulting in positive returns for Bitcoin.
As the cryptocurrency market navigates through September 2023, investors remain cautious and vigilant, prepared for potential turbulence. For now, all eyes remain fixed on the charts, waiting to see whether September will prove to be a friend or foe to the world of cryptocurrencies.
Bitcoin Price Prediction For September 2023: Bullish or Bearish? What to Expect
Data analytics firm Glassnode’s co-founders share insights on Bitcoin’s potential performance in September, offering both optimism and caution. While Bitcoin’s momentum indicator suggests positive momentum, historical trends raise doubts about September’s price trajectory.
Glassnode’s co-founders Jan Happel and Yann Allemann highlight the importance of Bitcoin’s relative strength index (RSI), which shows bullish signals for September. However, they sound a warning that if Bitcoin’s value falls below $25,500, recovering ground could prove challenging.
September’s Outlook – Expect a Relief Rally, if?
Glassnode’s analysis draws parallels between August’s performance and a past memory from June 2022. The daily RSI sparks speculation about September’s course. Here questions arise about Bitcoin’s resilience below $25,500 and the challenge of breaking past $26,000. The co-founders offer a cautiously optimistic outlook for September, citing the RSI’s potential for a comeback. Yet, they advise to be careful as surpassing $25,500 and $26,000 might not be straightforward.
Close monitoring of Bitcoin’s chart shows that the RSI hovers just under 30 on a scale of 0 to 100, displaying a possible oversold condition. The co-founders note the current dominance of bears in the Bitcoin market. Moreover, the signs suggest a slowdown in BTC selling, paving the way for a possible relief rally that could revive Bitcoin to the $27,000 mark.
“Initial signs of system strength emerge but demand lacking for strong longs at $26,000.”
Traders Look for Short-Term Indicators
Looking at Glassnode’s short-term holder MVRV indicator measures the market value of coins compared to their last movement price. Right now it is at 1.12, which indicates an average of 12% profit for short-term holders. But what will be the impact of this on the market? Well, if the ratio surpasses 1.2 ($33,200) and nears 1.4 ($38,700), the risk of market corrections doubles, hinting at added selling pressures beyond $33,000 for Bitcoin speculators.
While Rekt Capital also said, Bitcoin will undergo a significant pullback in the coming months, leading many to believe the bull market has ended. However, this is just an illusion, as Bitcoin will soon continue its upside journey.
As of writing, Bitcoin trades at $26,059, registering a minor 0.1% decline in the last 24 hours.
Bitcoin Halving Prediction 2024: Pantera Capital Predicts BTC Price To Hit $135K
Pantera Capital, a blockchain investment firm, has boldly predicted that Bitcoin’s price could reach $135,000 after its next halving event. As per the current status, the recent week was tough for Bitcoin, as its price dropped to $26,000, causing significant liquidations in the crypto market.
According to the Sentiments report, the market is in a bearish mode, as there’s a lack of interest from investors in “buying the dip”. In such a scenario, what’s fueling the bullish outlook and what is the reason bitcoin will pump before halving to $35K, Where experts are calling for a lower range of $20K? Let’s dive into the factors leading to the surge.
History May Repeat for BTC? Is $35K Realistic?
Pantera’s predictions have always been backed by historical trends, as per the firm Bitcoin possibly rise to $35,000 before halving and potentially soar to $148,000.
The sentiments are real and they transpired the fact due to favorable XRP ruling and from major financial players like BlackRock. Also, recent Etherium-based ETF approval made it more a obvious choice for investors as a long-term asset. Not only that bitcoin is also favoured by the regulatory firms with lesser scrutiny on the king crypto all eyes are set on Bitcoin Spot ETF Approval.
Understanding Why BTC will Pump if this happens?
Giving a wide glance at Bitcoin’s past innings, the prices were highly volatile it heavily fluctuated
fluctuating between $16,344 and $30,468. While August 2023 saw the BTC coming down to its resistance level of $30K and dropping around $29,044. The cryptocurrency faced ups and downs, including a dip to $16,344 in November 2022 and a recovery to $30,466 in April 2023. Since BTC has the capacity to fluctuate on a higher trajectory it won’t be difficult to touch a mark of $35K before halving if external factors support the king crypto.
On bearish sentiment, one Twitter user said that it can never reach that height.
What to Expect in Halving?
It is notable that, Bitcoin halvings, which occur approximately every four years, historically trigger positive price movements. These events reduce the reward for mining new coins, leading to a scarcity that often results in price surges. The recent positive ruling for XRP’s non-security status and endorsements from institutional investors like BlackRock contribute to a promising environment for a potential bull market in digital assets.
However, it’s important to approach Pantera’s optimistic prediction with caution. The crypto market is extremely volatile and influenced by various factors, including regulations and economic conditions. Past performance does not guarantee future outcomes.
Bitcoin Price Prediction: Brace for a 6-Week Correction, Followed by a Macro Rebound to ATH
The Bitcoin (BTC) performance YTD has outperformed most of the traditional stock indexes and experts believe the trend will continue in the coming years. As a result, hedge fund managers and institutional investors are crafting ways to tap the cryptocurrency market and compensate for past years. While some have been looking to the DeFi market, a significant portion have opted to add Bitcoin to their balance sheet.
As a result, mainstream adoption of digital assets is expected to take place in the coming few years fueled by clearer regulatory frameworks in different jurisdictions including Europe, the UK, Dubai, the U.S., and Latin American countries, among many others.
Poppe on Bitcoin Performance in Coming Years
While addressing over 663k X platform followers, Amsterdam-based crypto analyst and influencer, Michaël van de Poppe argued that Bitcoin price is very likely to drop towards $24k level in the next four to six weeks. Notably, the analyst based his argument on the four-year Bitcoin cycle demarcated by the halving event, which is about 250 days from publication time.
The analyst insisted on the importance of Bitcoin cycles that are comparable to each other irrespective of the changing economic outlook and market uncertainties.
Essentially, the analyst expects the approval of a U.S. Bitcoin ETF to play a crucial role in price action, especially based on the fact that it may coincide with the halving event.
“I’d like to compare the current cycle to 2015/2016 as we’ve got a big group of new participants joining the markets. In that cycle, Bitcoin price was up more than 2x pre-halving. That would mean, Bitcoin to $50-55K pre-halving,” the analyst noted.
Ethereum Price Prediction: ETH/BTC Pair Poised for Major Correction, Expert Says
The cryptocurrency market is currently grappling with a prevailing sense of unease as numerous altcoins, including Ethereum (ETH), the second-largest cryptocurrency by market capitalization, find themselves caught in a downward spiral. Notably, crypto analyst Benjamin Cowen has emerged as a prominent figure voicing bearish sentiments regarding the ETH/BTC pairing.
In a series of insightful posts, Cowen delves into the recent decline of the ETH/BTC trading pair, suggesting that this decline could mark what he dubs an “altcoin reckoning.” His theory revolves around the idea that this slump might pave the way for substantial market corrections, compelling overvalued altcoins to realign with their intrinsic value.
Altcoin Reckoning: A Look At the ETH/BTC Pair
With a keen eye on the market dynamics, Cowen contends that the ETH/BTC pair’s trajectory has displayed intriguing patterns. During the bullish market phase, this pairing was among the last to surge; in a similar vein, it might stand as one of the final casualties during the bearish market phase.
“If this happens, expect an altcoin reckoning.”
Market Metrics
Presently, the ALT/BTC trading pair hovers around 0.47, with projections indicating potential resistance within the 0.48 to 0.50 range, as suggested by the Bollinger Moving Standard Band (BMSB).
Cowen, however, offers words of caution. He raises a red flag concerning the potential challenges that ALT/BTC pairs could face if Bitcoin’s value slips beneath the BMSB benchmark. Furthermore, he urges readers not to be swayed by the recent decline in Bitcoin’s dominance, a shift that may have misguided some into a false sense of security regarding the fate of altcoins.
“In the end, even the giants will fall.”
Read More: Bitcoin’s Fate Hangs in the Balance: Another Significant BTC Price Crash on the Horizon?
Expert Insights: CrediBULL Crypto Weighs In
Echoing Cowen’s sentiments, CrediBULL Crypto weighs in with his own perspective. He underscores Bitcoin’s formidable stance, projecting its potential to cast a shadow over Ethereum and most other altcoins in the approaching months. Drawing on historical price movements, CrediBULL delves into how Bitcoin’s performance has traditionally reverberated across the broader market.
He posits that as long as Bitcoin manages to sustain a value surpassing $25,000, the market sentiment is likely to maintain a positive trajectory, which could potentially propel Bitcoin’s dominance beyond the 50% mark, a projection shared by various experts.
Ethereum Stands Strong
One user, @hoss_crypto, remains optimistic about ETH’s potential rise due to several factors. Firstly, the approval of an Ethereum investment fund (ETF) could attract a surge of new buyers. Secondly, Ethereum’s staking mechanism, enabling users to earn income, holds appeal for traditional investors. Thirdly, Ethereum’s environmentally friendly model could capture the interest of major investors.
Lastly, the endorsement from companies such as PayPal utilizing Ethereum’s platform could foster greater adoption. Notably, recent revelations have shown that even former US President Donald Trump holds approximately $2.8 million in Ethereum wallets.
One thing remains certain: unpredictability. The current downtrend experienced by Ethereum and other altcoins has sparked intriguing debates about their future trajectories. While analysts like Benjamin Cowen and CrediBULL Crypto offer their unique perspectives, the market remains a terrain where resilience, innovation, and external endorsements can sway the tide in unexpected ways.
Read More: Ethereum Displays A Concerning Pattern On The 1-Year Chart! Is ETH Price Aiming For $1,400?
Stay aware and stay informed!
Bitcoin’s Price Poised to Reach $500K: Crypto Analyst PlanB’s Bold Prediction
In a recent video, prominent crypto analyst PlanB has ignited excitement among the cryptocurrency community by suggesting that Bitcoin’s price could potentially skyrocket to an astonishing $500,000.
This optimistic outlook is grounded in his meticulous analysis of the Relative Strength Index (RSI), a pivotal technical indicator known for predicting market trends.
PlanB’s buoyant sentiment stems from his observation that the RSI pattern closely mirrors previous occurrences that triggered substantial bull rallies. This historical alignment has led him to believe that Bitcoin’s value might experience a remarkable surge in the foreseeable future.
What further adds weight to PlanB’s prediction is his unwavering faith in the Bitcoin stock-to-flow model (S2F). Renowned for its simplicity and predictive prowess, the S2F model has gained widespread adoption in the cryptocurrency realm.
Drawing insights from this model’s technical parameters, PlanB exudes confidence that the next price surge for Bitcoin will materialize prior to the highly anticipated halving event scheduled for 2024.
Intriguingly, PlanB envisions a robust bullish market phase following the impending pump in Bitcoin’s price. This phase, according to his projections, holds the potential to propel the cryptocurrency’s value into an impressive range of $300,000 to $500,000.
With remarkable optimism, PlanB remarks, “And then the bull market really goes on. So this averages at $300,000, which is still pretty okay, I would guess. It’s 10x from here.”
Bitcoin Price Prediction Post Halving – Here’s What Traders Can Expect
As the crypto market enters its second decade, opinions on Bitcoin’s potential price surge are sharply divided among experts. The upcoming Bitcoin halving, expected in about 255 days, is widely believed to influence the ongoing bull market. However, predicting the extent of the price hike remains a challenge due to the market’s limited historical data and changing regulations.
Prominent crypto analyst Jason Pizzino recently criticized analysts who set overly optimistic Bitcoin price targets, especially during periods of market excitement. Pizzino refrained from giving a specific price target but suggested that the bear market is over and re-accumulation is underway, projecting Bitcoin’s price to surpass $42,000 in the coming months. He warned investors to stay cautious about potential corrections similar to past bear markets.
This critique drew responses, including one from Tony “The Bull,” a well-known technical Bitcoin trader. Tony countered Pizzino, highlighting the importance of the macro Elliot wave trade setup on Bitcoin’s price chart. He disagreed via a Twitter post, emphasizing the significance of technical analysis in understanding market dynamics.
With the halving approaching, uncertainty looms over the market. Analysts offer varied forecasts, and technical indicators offer mixed signals. The crypto market’s young age and evolving regulatory environment further complicate price predictions. As the market matures, traders and investors must balance optimism with caution, employing a mix of fundamental and technical analysis and prudent risk management.
In the end, this clash of views underscores the complexity of the cryptocurrency market. While the halving’s impact is eagerly awaited, only time will reveal which predictions prove accurate. In the meantime, market participants must remain adaptable and prepared for market ups and downs.
XRP Price Prediction Sparks Controversy Amid Market Downturn
Ripple’s XRP token has triggered intense debate over its potential to surge to $1,896, despite a bearish market. Doubts about an agenda to boost sales have emerged, linked to XRP’s connection with the International Swaps and Derivatives Association (ISDA).
Bradley Kimes of Digital Perspectives highlighted Ripple’s collaboration with ISDA, suggesting widespread adoption could propel XRP to $1,896, emphasizing adoption’s role.
This projection roots itself in the idea that XRP could capture 10% of the vast $1 quadrillion derivatives market, requiring processing around $100 trillion in transactions. This could skyrocket its market cap around 2,865 times, leading to the $1,896 per token estimate. Feasibility in the bearish market raises questions.
Critics differ, doubting the simultaneous usage of all XRP derivative trades and pointing to the SEC vs. Ripple case impacting XRP’s market cap by $10 billion due to regulatory uncertainties. Judge Analisa Torres’ indecision and US District Judge Jed Rakoff’s Howey test interpretation add regulatory complexity.
XRP’s return to the Gemini exchange caused price glitches, briefly hitting $50, raising stability concerns and prompting alternative discussions. Amidst this, XRP20, a new token variant, aims to surpass XRP’s launch gains, in presale offering potential 10X returns.
Ripple’s XRP faces speculation and controversy, with predictions of a surge amid a bearish market met with skepticism. Adoption, regulatory hurdles, and XRP20 complicate matters, leaving traders grappling with uncertainty.
Cardano Price Prediction : Will ADA Price Spike Following Mithril’s Cardano Mainnet Launch?
Cardano, a leading cryptocurrency ranked within the top 10, recently executed a significant upgrade known as the Mithril protocol. The upgrade aimed to enhance the efficiency of node synchronization on its blockchain, sparking anticipation of potential gains for the ADA token among experts and investors.
ADA Price Forecast
Amidst the excitement, predictions about ADA’s future value have been mixed. Notably, crypto influencer BitBoy, also recognized as Ben Armstrong, acknowledged the likelihood of gains but cautioned against immediate skyrocketing. While he dismissed the notion of ADA swiftly reaching $100 per coin, he didn’t rule out the possibility altogether.
External Factors in Play
Market experts recognize that ADA’s future trajectory is influenced by various external factors. One notable consideration is the ongoing legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC). Sebastian Purcell, an analyst, emphasized the importance of this lawsuit for ADA’s future.
If the lawsuit concludes favorably for Ripple, ADA could potentially exceed the $0.50 mark. However, historical precedent, particularly pertaining to XRP’s performance, might present challenges for ADA to surpass its previous all-time high.
Dollar Devaluation and Whale Activity
Factors beyond Cardano’s upgrade also play a role. Speculation suggests that a significant devaluation of the U.S. dollar could trigger a rally in ADA’s value, along with other cryptocurrencies. Additionally, an increase in whale activity within the ADA ecosystem has been observed, with a notable accumulation of over 420 million ADA by Cardano Sharks and Whales. These factors collectively contribute to the positive sentiment surrounding ADA’s potential for growth.
Bitcoin Price Prediction: BTC Price Poised For 20% Spike If This Happens
Bitcoin’s (BTC) price continues to hold on to a crucial support level of around $29.4k to guarantee a continued rally above $31k in the near term perspective. The top coin is expected to experience heightened volatility in the coming days amid high-impact news today and tomorrow.
Additionally, the United States SEC is expected to issue a verdict on the Bitcoin ETF application next week, which was applied by Cathie Wood’s Ark Invest last year.
As a result, experts agree the top coin will register heightened volatility amid increased speculations. Moreover, Bitcoin dominance and price action point to more upside swing in the coming days toward the next major resistance around $31k.
Bitcoin Price Analysis
According to a popular crypto analyst Jelle, Bitcoin price is well positioned for a 20 percent spike from current levels based on historical data. Notably, the analyst based the Bitcoin bullish argument on the fact that the mother coin has locked in a daily bullish MACD cross. As a result, the analyst argued that Bitcoin could rally toward $35.4k in the coming weeks.
The analyst further supported Bitcoin’s bullish stance, from the fact that the asset has been printing higher highs and higher lows, a popular characteristic of a rising market.
Notably, the trade setup could be invalidated if Bitcoin price drops below $28.5k in the coming days, which could put the bears on the higher ground with $25k in close sight.