Cryptocurrency Market Forecasts

ForkLog 33 07.05.2024

Anthony Pompliano: Bitcoin’s Resilience Reaches New Heights

The 200 DMA has reached a new ATH above $50,000. This indicates that Bitcoin is “stronger than ever,” stated Anthony Pompliano, founder of Pomp Investments. Bitcoin’s 200 day moving average just hit a new all-time high. GBTC saw the first day of inflows in 78 days. Don’t get lulled to sleep by bitcoin going sideways. […]

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ForkLog 16 06.05.2024

Bitcoin’s $60,000 Support Crucial for Reaching New Heights, Says Expert

Bitcoin must maintain the $60,000 mark if the current momentum weakens at $67,500. This could lead to the formation of an ‘inverse head and shoulders’ reversal pattern, according to trader Matthew Hyland. #BTC IF we don’t break straight through $67.5k then something like this forming over the next month would make sense for a bottom […]

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ForkLog 35 05.05.2024

Willy Woo Predicts Bitcoin to Reach $1 Million by 2035

By 2035, the “fair value” of the leading cryptocurrency is expected to reach $1 million, according to analyst and CMCC Crest co-founder Willy Woo. On track for $1m per BTC as «fair value» by 2035. That’s if we take the user growth curve as a guide for valuation. Remember I said fair value and not […]

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ForkLog 58 03.05.2024

Arthur Hayes Predicts Bitcoin Surge to $70,000 by Summer’s End

The recent 12% pullback in Bitcoin is a “necessary market cleansing,” and the price will surpass $60,000, though it will not stabilize above $70,000 by the end of August, according to former BitMEX CEO Arthur Hayes. “Mayday” is a brief discussion on the recent Fed, US Treasury, the bank bailout policies. It’s money printing disguised. […]

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ForkLog 11 02.05.2024

JPMorgan Maintains Cautious Outlook on Cryptocurrency Prospects

Analysts at JPMorgan maintain a “cautious” stance on cryptocurrencies in the near term. They cited a lack of drivers and declining interest from retail investors, reports The Block. “Given also three risk factors (elevated positioning, the high price of the first cryptocurrency relative to the value of gold and the estimated cost of bitcoin mining, […]

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ForkLog 32 01.05.2024

‘AI tokens are meme coins’: All Time Half guests on the state of the market

On April 13, guests on the CRYPTOCENOSIS stage at ForkLog’s All Time Half 2024 conference discussed the current state of the crypto market, the Austrian school of economics, meme coins, AI tokens and the prospects for the coming bull market. Here are the key takeaways. Is Bitcoin a replacement for the existing financial infrastructure? Briefly: […]

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ForkLog 14 01.05.2024

Experts See Potential for Cryptocurrency Market Recovery

The primary factors behind the current decline in cryptocurrency prices are stock market sell-offs and a strong dollar index. However, Bitcoin’s brief dip below $57,000 is seen more as a local correction than the onset of a bear phase, according to experts consulted by ForkLog. This analysis explores whether the market still holds potential for […]

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ForkLog 3 01.05.2024

Standard Chartered Warns of Bitcoin’s Potential Decline to $50,000

The dip in Bitcoin’s price below $60,000 has reopened the path to the $50,000–52,000 range, Standard Chartered has warned, according to The Block. They cited a “combination of crypto-specific and broader macroeconomic factors” as the cause of “new woes.” The bank refers to a five-day outflow of funds from U.S. spot Bitcoin ETFs and a […]

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ForkLog 41 30.04.2024

Bitcoin’s Price Floor Predicted Between $60,000 and $66,700

Bitcoin has entered a broad distribution phase after reaching a new ATH above $73,000. According to Glassnode, a price floor is currently forming between $60,000 and $66,700. Experts have concluded that the euphoria following the correction has weakened but is not yet exhausted. The Accumulation Trend Score metric illustrates how investor accumulation patterns relate to […]

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ForkLog 21 29.04.2024

Bernstein Sees Bitcoin ETF Inflow Slowdown as Temporary

Bernstein maintains a $150,000 target for Bitcoin amidst a slowdown in BTC-ETF inflows. Analysts find Ethereum an attractive buy, anticipating approval of an exchange-traded fund based on it after May 23. Experts forecast a threefold increase in cryptocurrency market capitalization over the next 18-24 months. The slowdown in Bitcoin ETF inflows is expected to be […]

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ForkLog 40 29.04.2024

Peter Brandt Suggests Bull Market May Have Peaked Despite Halving

Analyst Peter Brandt estimated a 25% chance that Bitcoin has already reached its ATH in the current cycle, based on the concept of “exponential decay.” The expert anticipates a price increase to $140,000–160,000 by autumn 2025. Mathematician Giovanni Santostasi predicted a new record high of ~$210,000, using a power growth model. The Bitcoin bull market […]

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ForkLog 12 25.04.2024

AI Predicts Bitcoin’s Potential Surge to $100,000 in 2024

Using Google Cloud’s Vertex AI platform, analysts at Spot On Chain developed forecasts for Bitcoin’s price in 2024-2025. In the context of short-term prospects, experts anticipate that between May and July, the price of the leading cryptocurrency will remain in the range of $56,000-$70,000. This period is expected to be marked by increased volatility, with […]

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