Bitcoin short-term setup is challenging, JPMorgan strategists warn
Bitcoin and the crypto market are at the beginning of a healing process, JPMorgan analysts say in a note. Go to Source Powered by WPeMatico
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Commodity Strategist Mike McGlone Says $40K BTC Target ‘More Likely’ Than $20K
Bloomberg Intelligence senior commodity strategist Mike McGlone believes bitcoin is “more likely” headed for $40K instead of $20K after discussing the possibility of capitulation in a recent tweet. McGlone’s opinion follows a number of predictions that say bitcoin could drop to the $20K zone if there’s more pullback in the cards. Bloomberg Commodity Strategist Suggests … Read more
‘Gold Is Clearly Being Replaced by Digital Gold’- Precious Metal Markets Spike, Strategist Mike McGlone Calls PM Action ‘Meh’
Precious metals (PM) markets have been trading a bit higher in recent days, while cryptocurrency markets have been seeing gains as well. Spot gold prices have jumped to $1,805 per ounce, up more than 1.3% during the last 24 hours, while silver prices have increased by 2.5%. As PMs have gathered strength this week, crypto-asset … Read more
3 Short-term XRP Price Predictions – 2018 Week 49 Edition
In the world of cryptocurrency and digital assets, there are always conflicting opinions on how the future price will look. Especially when considering how so many projects derive value from Bitcoin, it has become a lot more difficult to find something worthwhile. When it comes to the XRP price, the short-term predictions and expectations are … Read more
3 Short-term XLM Price Predictions – 2018 Week 47 Edition
A lot of traders and speculators are keeping a close eye on short-term profits first and foremost. That is only to be expected after an incredibly bearish year for Bitcoin and altcoins. Stellar Lumens, or XLM, is one of the currencies people have high expectations of. As such, the following three short-term predictions are well … Read more
Markets Update: A Narrowing Range of Consolidation and Lower Trade Volumes
Not a lot has changed since our last markets update four days ago as cryptocurrency markets continue moving sideways in a consolidated pattern. The top five digital assets have seen modest northbound gains this week, with increases between 1-5% over the last seven days. This Sunday, Oct. 21, the entire cryptocurrency economy of over 2,000 … Read more
3 Short-term Bitcoin Price Predictions – 2018 Week 41 Edition
The current market conditions do not warrant too much excitement where the Bitcoin price is concerned. After yesterday’s steep drop, it is only normal a lot of traders are now hedging their bets. With a relatively strong “sell signal” across the charts, the following three predictions are worth paying attention to. #3 The Troublesome Outlook … Read more
Markets Update: Cryptocurrencies See Some Small Gains This Weekend
Over the past few days, a good portion of cryptocurrency assets have been increasing in value. In fact, this Saturday, August 25, 19 out of the top 20 digital assets have seen gains in the past 24 hours. Today the total market capitalization of the entire crypto-economy is around $219B USD with about $10.88B in … Read more
Short-Term Crypto Market Expectations Highlighted in March Failed to Play Out
Over the past few months, the overall sentiment among cryptocurrency enthusiasts has changed quite a bit. After the ramp-up in late 2017 and early 2018, things have taken a major turn for the worse across all crypto markets. As such, there are growing concerns over how people perceive this industry. Sentiment Remains Positive There are … Read more
Huobi’s Sentiment Index Shows Cryptocurrency Investors Still Bullish
This week the cryptocurrency exchange Huobi’s educational subsidiary ‘Huobi Research’ conducted a survey with close to 2,000 individuals from 23 different countries to get a visual of what cryptocurrency sentiment looks like today. As cryptocurrencies have slid in value over the past three months according to the report, 77.9 percent of those polled were still … Read more
