The winter of 2022–2023 is more than a headache for politicians and EU citizens — crypto hodlers worldwide may see a tangible impact, says Decentrader’s Filbfilb. Bitcoin (BTC) could dive another 50% from current levels if the upcoming winter proves a major test for Europe. That was the conclusion of a veteran crypto market analyst…
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Skybridge Capital is “pretty optimistic” about bitcoin and ethereum over the next 12 to 24 months. The global asset management firm’s founder explained that the world’s largest cryptocurrency could reach $300K in six years, urging investors to “just relax” and “stay long-term.” Skybridge Optimistic About Bitcoin and Ethereum Anthony Scaramucci, founder and managing partner at…
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Fidelity Investments’ Jurrien Timmer stays upbeat on Bitcoin network strength, while another commentator flags a “compelling” risk/reward ratio at $20,000. Bitcoin (BTC) has not been this good value since it cost $1,130, one analyst argues as BTC offers a “compelling” risk/reward ratio. In a Twitter thread on July 7, Jurrien Timmer, director of global macro…
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The MVRV-Z Score is a tried and tested bottom indicator, but it is not back at base yet, one analyst warns. Bitcoin (BTC) needs to go lower before putting in a macro bottom, one of the market’s most accurate indicators shows. Data from sources including on-chain analytics firm Glassnode shows Bitcoin’s MVRV-Z Score is almost…
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Major financial services firm PWC has conducted a study and found that the majority of crypto fund managers surveyed believe that the price of bitcoin would be between $75K and $100K by the end of this year.
Bitcoin’s Price Estimate by Crypto Fund Managers
PWC, a Big Four accounting firm, published its “4th…
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The current worst case scenario involves a 28% wick below the 200-week moving average, one theory suggests. Bitcoin (BTC) could be in for a return to levels not seen since before its 2020 bull market if history repeats itself. That was according to new analysis released on May 24, which studied Bitcoin’s interaction with its…
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Two moving averages warn of a bear market-style price floor in the making, says analysis one month after Bitcoin’s weekly chart “death cross.” Bitcoin (BTC) is facing a rare chart phenomenon that has historically resulted in 50% price drawdowns, new data shows. In a tweet on April 25, popular account Nunya Bizniz noted a fresh…
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The outlook for the coming months is pain for risk assets, but central banks have a reality check of their own coming, say analysts. Bitcoin (BTC) saw a predictable fall into the Wall Street open on April 11 as bears took the market toward $40,000. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin edges toward…
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The CEO of Devere Group has predicted that the price of bitcoin will reach $50,000 by the end of this month. He explained that geopolitical tensions from the Russia-Ukraine war and institutional investment are key drivers boosting the price of bitcoin. He also said, “the dollar’s reserve status could, ultimately, be in jeopardy.” Devere’s CEO…
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Global investment bank JPMorgan has predicted that the long-term price of bitcoin will reach $150K while the fair value of the cryptocurrency sits at $38K. “The biggest challenge for bitcoin going forward is its volatility and the boom and bust cycles that hinder further institutional adoption,” JPMorgan’s analysts explained. JPMorgan’s Bitcoin Price Prediction Global investment…
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