Cryptocurrency Market Forecasts

ForkLog 9 24.06.2024

Raoul Pal Anticipates Bitcoin Surge in Late 2024

Former Goldman Sachs CEO Raoul Pal has forecasted a significant rise in Bitcoin and the broader cryptocurrency market in the fourth quarter of 2024. In an appearance on the podcast The Wolf Of All Streets with Scott Melker, the investor noted that risky assets like Bitcoin typically rally around the time of U.S. presidential elections. […]

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ForkLog 9 24.06.2024

Analyst Disputes Bitcoin Miners’ Capitulation Post-Halving

Known by the pseudonym Checkmatey, Glassnode analyst James Check questioned the notion of Bitcoin miners capitulating after the halving, though he acknowledged they are “treading water.” “We are in a period of ‘Difficulty Ribbon’ inversion, and blocks are being generated 14 seconds slower than they should be. This indicates there is less hash rate in […]

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ForkLog 16 19.06.2024

Bitcoin Faces Potential Drop to $60,000 if $65,800 Support Breaks, Says CryptoQuant

Bitcoin has neared the aggregate breakeven level for speculators (~$65,800). This mark will act as support, and if breached, could trigger a correction down to $60,000, according to analysts at CryptoQuant, reports The Block. Experts believe that traders closing arbitrage deals have intensified downward pressure on the price of the leading cryptocurrency. Currently, the market […]

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ForkLog 9 18.06.2024

Binance CEO Predicts Bitcoin Surpassing $80,000 by Year-End

Richard Teng, CEO of the leading cryptocurrency exchange Binance, shared his belief during a conversation with Bankless that the price of the leading cryptocurrency will surpass $80,000 by the end of the year.

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ForkLog 15 18.06.2024

Peter Schiff Highlights Bitcoin ETF Risks

Peter Schiff, President of Euro Pacific Capital, has outlined a potential hedge fund strategy that could lead to the collapse of Bitcoin and MicroStrategy. I wonder how many #Bitcoin or Bitcoin ETFs were bought by hedge funds shorting MicroStrategy. If $MSTR tanks and funds unwind those trades, they will be big sellers of Bitcoin and […]

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ForkLog 27 14.06.2024

Bernstein Predicts Bitcoin to Reach $200,000 by End of 2025

Analysts at Bernstein have raised the target price for the leading cryptocurrency to $200,000 by the end of 2025, up from $150,000. This was reported by The Block. The forecast is driven by expectations of “unprecedented demand from bitcoin-based spot exchange-traded funds” managed by BlackRock, Fidelity, Franklin Templeton, and others. “We believe that ETFs have […]

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ForkLog 9 13.06.2024

10x Research Predicts Bitcoin Rally Amid Fed’s Policy Shift

Bitcoin is poised to resume its upward trajectory as inflation eases, according to 10x Research, reports CoinDesk. “Our recommendation remains unchanged: stick with the winners (Bitcoin) and avoid the others (Ethereum and others). Our previous analysis showed that a decline in the consumer price index typically leads to an increase in the price of the […]

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ForkLog 17 12.06.2024

Bitwise Predicts $20 Trillion GDP Boost from Cryptocurrencies and AI

By 2030, the global GDP is expected to increase by $20 trillion due to the digital assets and artificial intelligence industries. This perspective was expressed by Juan Leon, a senior cryptocurrency research analyst at Bitwise. As a potential collaboration between the two sectors, the expert highlighted partnerships between miners and AI companies. The AI boom […]

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ForkLog 62 12.06.2024

K33 Research Warns of High Risk for Crypto Traders Ahead of Fed Meeting

The cryptocurrency market is “highly exposed to risk” ahead of key inflation data and the Federal Reserve meeting. The Committee’s rate trajectory forecast and Jerome Powell’s press conference predictions will significantly impact prices. Clients of unregulated crypto derivatives platforms remain “highly exposed to risk,” increasing the potential for long liquidations ahead of key macroeconomic events, […]

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ForkLog 11 08.06.2024

BitGo CEO Predicts Bitcoin to Reach $135,000 by Year-End

By the end of 2024, the leading cryptocurrency is expected to be valued between $125,000 and $135,000, according to Mike Belshe, CEO of crypto custodian BitGo, in an interview with Kitco News. He believes one of the catalysts for bitcoin’s growth will be the high level of U.S. government debt. “Our macroeconomic climate continues to […]

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ForkLog 20 07.06.2024

Bitfinex Predicts Bitcoin’s Bull Run Peak by Late 2024

During the current bull market, the price of the leading cryptocurrency is expected to reach its peak at some point in the fourth quarter of 2024. This conclusion was drawn by Bitfinex, reports The Block. “Past data indicates that Bitcoin typically reaches a new ATH several months after the halving,” explained the experts. Experts noted […]

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ForkLog 7 07.06.2024

Arthur Hayes Advocates Bitcoin Investment Amid Rate Cut Cycle

Long positions in Bitcoin, and later in altcoins, are advisable, according to former BitMEX CEO Arthur Hayes, who cited a shift in the macroeconomic landscape in his recommendation. The expert highlighted the outcomes of the G7 finance ministers and central bank governors’ meeting. One topic discussed was the weakness of the Japanese yen against other […]

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