Cryptocurrency Market Forecasts

ForkLog 11 08.09.2024

Samson Mow Dismisses Bitcoin’s Fall to $40,000 as Fear-Driven Speculation

Bearish predictions of Bitcoin falling to $40,000 are unfounded, driven solely by irrational fear, according to JAN3 CEO Samson Mow. Can fear move the market? Sure. But it never lasts long because the fundamentals win out over time. Even the unwinding of some of the greatest frauds like FTX can’t keep price down. Down is […]

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ForkLog 10 06.09.2024

Diverging Views on Bitcoin’s September Prospects

The reduction of the Federal Reserve’s key interest rate and the resilience of the US economy in September may have a greater impact on Bitcoin’s price than the typically negative seasonality of this month. This was stated by Cointelegraph by Tyr Capital’s CIO Ed Hindi. “The chances of the first cryptocurrency closing the month above […]

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ForkLog 6 06.09.2024

Ethereum’s Return to All-Time Highs Unlikely This Year, Says Expert

A return to Ethereum’s peak of $4878 by year-end is “possible, but highly unlikely,” according to Derive founder Nick Forster, as reported by Cointelegraph. The expert asserts that ETFs based on the asset are losing out to tech stocks that offer “higher returns.” Additionally, the second-largest cryptocurrency lacks a “strong narrative capable of driving its […]

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ForkLog 10 04.09.2024

Arthur Hayes Predicts Bitcoin Correction to $50,000

The price of the leading cryptocurrency could correct to $50,000, with altcoins potentially depreciating even more. This forecast was presented by former BitMEX CEO Arthur Hayes. According to him, this scenario will remain relevant until the Federal Reserve’s meeting in September. The pressure factor will persist in the money market, where yields on reverse repo […]

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ForkLog 3 04.09.2024

Bitfinex Predicts Bitcoin Could Fall to $40,000

The price of the leading cryptocurrency could plummet to $40,000 following a Federal Reserve rate cut in a bearish scenario, according to Bitfinex, as reported by CoinDesk. Experts believe that a 25 basis point policy easing would be positive for markets. However, a 50 basis point cut might initially lead to a 5–8% surge, followed […]

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ForkLog 12 03.09.2024

Experts Advocate Bitcoin Purchases in September Amid Corrections

Strategically, accumulating Bitcoin throughout September with a view to securing profits in October or towards the year’s end is advisable. This scenario was suggested by QCP Capital, citing seasonal trends. Analysts noted that the first month of autumn is historically negative for all asset classes, including digital gold. However, October is its opposite — in […]

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ForkLog 24 02.09.2024

Bitcoin Price Stabilises Below $58,000

The leading cryptocurrency fell by 8.6% in August. Historically, September sees an average decline of 4.5%. Analysts anticipate continued volatility but expect a medium-term recovery in optimism. The number of bitcoin wallets holding at least 100 BTC has reached a 17-month high (16,120). In the early hours of Monday, September 2, the price of the […]

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ForkLog 14 30.08.2024

Bitcoin Retreats to $59,000 Amid ETF Inflow Weakness

Negative trends in BTC-ETF persisted for the third consecutive day. The total exchange balance of bitcoins fell to a new low for the year. Traders remain cautious ahead of U.S. labor market data on September 6. On August 29, net outflows from spot bitcoin ETFs amounted to $71.7 million, according to SoSoValue. This was one […]

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ForkLog 14 28.08.2024

Bitcoin Slips Below $60,000 Mark

In the early hours of Wednesday, August 28, the price of the leading cryptocurrency fell below the psychological threshold of $60,000. The decline was exacerbated by the triggering of stop orders, as indicated by the increased trading volume. 15-minute BTC/USDT chart on Binance. Data: TradingView. At the time of writing, Bitcoin is trading at $59,200, […]

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ForkLog 12 27.08.2024

Bitcoin Analyst Predicts ‘Mad Season’ with $150,000 Target

The leading cryptocurrency is poised to enter a “mad season,” during which its price could soar to $150,000 by the end of 2024, according to Real Vision analyst Jamie Coutts. Unless something fundamentally has changed, we are entering what @RaoulGMI refers to as the ?zone, or what I would describe as #Bitcoin batshit season. pic.twitter.com/pMxk49ATtq […]

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ForkLog 10 27.08.2024

Bitcoin Expected to Trade Sideways Between $62,000 and $67,000

Market uncertainty is likely to keep the price of the leading cryptocurrency within a narrow range of $62,000 to $67,000 in the near term, according to QCP Capital. QCP: Post-Jackson Hole, the desk saw aggressive Call Spread buying, but also witnessed heavy selling of calls around the 100k strike out to Mar 2025. While the […]

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ForkLog 11 20.08.2024

Analysts Highlight Conditions for Bitcoin Bull Run Resurgence

The wave of long position liquidations has subsided, suggesting that Bitcoin may approach its ATH post-U.S. elections, driven by a liquidity influx. This is reported by Cointelegraph, citing analysts. “[There is] a typical seasonal pattern where the first cryptocurrency usually struggles for one to three months following the April halving,” stated Matthew Sigel, head of […]

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