bitcoinlfg

Tag: analyst

  • Bitcoin price dip seen as ‘perfect bottom’ by analyst; technicals target $148K

    Bitcoin price dip seen as ‘perfect bottom’ by analyst; technicals target $148K

    Bitcoin price dip seen as 'perfect bottom' by analyst; technicals target $148K

    • Bitcoin has dropped 7.5% since its recent all-time high of ~$123,250, but analysts see this as a potential “perfect bottom.”
    • BTC has successfully retested its 50-day EMA, a support level that preceded a 25% rebound in June.
    • A classic inverted head-and-shoulders (IH&S) technical pattern now targets a price of $148,250.

    Bitcoin has pulled back by 7.50% in the three weeks since it established a new record high of around $123,250.

    However, far from signaling the end of the bull run, some analysts believe this recent dip may be the final “shakeout” before a significant breakout, with technical patterns now pointing towards a potential rally to nearly $150,000.

    On Sunday, Bitcoin successfully reclaimed its 50-day exponential moving average (50-day EMA) as a key support level, after briefly dipping below it a day earlier.

    This particular moving average has historically served as a reliable launchpad for initiating fresh rallies in Bitcoin’s price.

    A similar scenario played out in June, for instance, when a brief drop below this very same wave of support preceded a sharp 25% rebound in the cryptocurrency’s value.

    Now, it appears that Bitcoin may be repeating this same technical setup. Analyst “BitBull” suggests that the cryptocurrency could be poised for a June-like rally in the coming days.

    He argues that even if the price were to drop further into the 110,000-112,000 range, it would effectively establish a “perfect bottom” for Bitcoin, potentially setting the stage for the next significant move higher.

    A classic breakout pattern targets $148,000

    The importance of the 50-day EMA as a support level is further reinforced by its alignment with the “neckline” of Bitcoin’s prevailing inverted head-and-shoulders (IH&S) pattern.

    This classic technical analysis pattern is often seen as a strong indicator of a bullish reversal.

    After initially breaking above this neckline, Bitcoin’s price has now pulled back to retest it—a typical post-breakout move. The fact that the price has bounced off this retested level reinforces the validity of the bullish reversal setup.

    This successful neckline retest now signals that Bitcoin may be entering the continuation phase of its breakout. According to the technicals of the IH&S pattern, the price is now targeting a move toward the $148,250 level.

    This is remarkably close to the widely anticipated $150,000 upside target that many analysts have forecasted for Bitcoin in 2025, with many expecting it to happen around October.

    Whale watching: on-chain data signals a ‘cyclical cooling phase’

    On-chain data provides further evidence that Bitcoin’s ongoing price dip may be a precursor to another major breakout.

    According to data from CryptoQuant, the Bitcoin market has experienced three major waves of profit-taking by large “whale” investors during the 2023–2025 bull market.

    The first of these waves followed the landmark launch of U.S. spot ETFs in March 2024. The second occurred after Bitcoin broke the $100,000 mark following the Trump election in late 2024.

    The third, and most recent, wave took place in July 2025, after a breakout over $120,000 triggered a massive 80,000 BTC sell-off by a long-time “old whale” investor.

    In a report published on Friday, CryptoQuant analysts noted that each of these waves of profit-taking was followed by a period of price consolidation or a moderate correction, typically lasting between two to four months.

    “These cooling phases have historically set the stage for renewed accumulation and a subsequent breakout to new all-time highs,” they wrote.

    The analysts concluded, “The data provides compelling evidence that the market is undergoing another cyclical cooling phase, consistent with prior waves that preceded periods of consolidation and later breakouts to higher prices.”

    This suggests that the current dip is not an end to the bull market, but rather a healthy and necessary part of its cycle.

    Share this article
    Categories
    Tags

    Source link

  • Best crypto to buy now as analyst sees BTC making a strong comeback

    Best crypto to buy now as analyst sees BTC making a strong comeback

    Bitcoin Price Plummets

    • The Bitcoin Pepe presale has remained resilient, continuing to attract strong investor interest.

    • The project has raised over $15.3 million during its ongoing presale.

    • The BPEP token is currently priced at $0.0416.

    Bitcoin (BTC) dropped to a six-week low late Sunday, briefly falling below $98,500 after a US airstrike on Iranian nuclear facilities over the weekend intensified geopolitical tensions.

    Risk assets broadly came under pressure as markets reacted to the escalation.

    The sub-$100,000 level, however, proved short-lived.

    BTC rebounded during early Monday trading in Asia, recovering to around $101,841 at the time of writing.

    Bitcoin now hovers near the psychologically significant $100,000 threshold.

    A decisive close below that level could open the door to further downside, with the next target near Sunday’s intraday low of $98,200.

    Ethereum (ETH), Ripple (XRP), and other major altcoins extended last week’s losses, reflecting continued risk aversion across digital assets.

    In this volatile backdrop, investor interest in early-stage projects has not abated.

    Bitcoin Pepe, a meme-centric Layer 2 project, continues to draw strong presale inflows despite the broader market uncertainty.

    Arthur Hayes says BTC can bounce back

    Bitcoin prices fell below the $100,000 mark for the first time since early May, but BitMEX co-founder Arthur Hayes believes the dip is temporary.

    “The weakness shall pass,” Hayes posted on X, adding that Bitcoin will soon “leave no doubt as to its safe haven status.”

    He attributed the eventual rebound to continued central bank money printing, which he says will support Bitcoin’s long-term bullish trajectory.

    Bitcoin has been in a five-week consolidation phase, facing repeated resistance near the $110,000 level.

    The top cryptocurrency has failed three times to break higher, as short-term macroeconomic shocks — ranging from renewed tariff concerns in May to the ongoing Israel–Iran conflict — have weighed on sentiment.

    At the time of writing, most altcoins were in the red. Total market capitalization fell 0.8% to $3.12 trillion, according to CoinGecko data.

    Bitcoin Pepe’s strong show

    The crypto market has seen heightened volatility in recent months, characterised by sharp rallies, steep pullbacks, and shifting investor sentiment.

    Against this backdrop, the Bitcoin Pepe presale has remained resilient, continuing to attract steady capital inflows.

    The sustained interest suggests the project may be positioned to weather current market conditions, especially as Bitcoin is seen making a strong comeback.

    As the first meme-centric Layer 2 built on the Bitcoin network, Bitcoin Pepe seeks to redefine meme tokens by combining the security of Bitcoin’s base layer with scalability features typically associated with networks like Solana.

    This blend of technical infrastructure and cultural relevance differentiates it from other meme tokens that often lack functional utility.

    The development team has also released infrastructure visuals to improve transparency and build investor confidence.

    To support its Layer 2 ecosystem, Bitcoin Pepe has formed strategic partnerships with Super Meme, Catamoto, and Plena Finance.

    The project’s presale has raised over $15.3 million so far, with BPEP tokens priced at $0.0416.

    Listings on MEXC and BitMart are expected to enhance liquidity and visibility.

    Another major listing announcement is scheduled on June 30, adding further momentum as the presale approaches its close.
    Share this article
    Categories
    Tags



    Source link

  • Bitcoin near $95K despite tariff woes, analyst concern

    Bitcoin near $95K despite tariff woes, analyst concern

    Crypto news today: Bitcoin tops $95K, stocks rally despite analyst's 'blind market' warning

    • Bitcoin traded above $95,400 Tuesday, showing resilience despite economic concerns.
    • US stocks (S&P 500, Nasdaq +0.55%) also continued their recovery from early April tariff fears.
    • Consumer confidence hit lowest since May 2020; JOLTS job openings missed estimates.

    Cryptocurrency markets displayed notable stability on Tuesday, seemingly unfazed by mounting pessimism regarding the economic impact of the Trump administration’s tariff policies.

    Bitcoin edged higher, reclaiming ground above $95,000, while traditional stock markets also continued a recovery trend, prompting some analysts to question whether markets are accurately pricing in underlying economic risks.

    Markets march higher despite warning signs

    Bitcoin (BTC) continued its recent positive momentum, gaining about 1% over the preceding 24 hours to trade near $95,400.

    This move brought the key $96,000 level – last seen in late February – within striking distance.

    The broader crypto market showed similar resilience, with the CoinDesk 20 index advancing 1.1%.

    Bitcoin Cash (BCH) stood out with a significant 6.3% surge.

    Crypto-related equities also participated, albeit modestly, with Coinbase (COIN) up 0.9% and MicroStrategy (MSTR) adding 3.3%, while Janover (JNVR) continued its strong run (+16%) linked to its Solana accumulation strategy.

    This relative calm in digital assets mirrored strength in traditional equities.

    Both the S&P 500 and the Nasdaq composite posted gains of 0.55%, extending the recovery from the tariff-induced panic seen earlier in April.

    Economic data paints sobering picture

    However, this market buoyancy unfolded against a backdrop of increasingly concerning economic indicators, suggesting a potential slowdown possibly linked to the White House’s tariff strategies.

    The Conference Board reported that US consumer confidence plummeted to its lowest level since May 2020, with the forward-looking consumer outlook component hitting its weakest point since 2011.

    Simultaneously, the latest Job Openings and Labor Turnover Survey (JOLTS) indicated a cooling labor market, with job openings falling to 7.19 million in March, significantly below the expected 7.5 million.

    Adding to the complex policy environment, Secretary of Commerce Howard Lutnick mentioned Tuesday that a trade deal had been reached with an unspecified country, though he noted it still required ratification, offering little immediate clarity on the broader tariff situation.

    Analyst warns of market ‘blindness’ to fundamental risks

    This apparent disconnect between market performance and weakening economic data has raised red flags among some observers.

    Jeff Park, head of Alpha Strategies at digital asset investment firm Bitwise, expressed strong concern about the market’s perspective.

    “Hard to fathom how blind the market really is,” Park posted on the social media platform X (formerly Twitter).

    He argued that the market’s intense focus on potential Federal Reserve interest rate cuts misses a larger, more fundamental risk.

    “A Fed cut means nothing if US creditworthiness is permanently impaired by the global community as resulted by dollar weaponization,” Park elaborated, linking the potential damage to Trump administration policies that leverage the dollar’s global role.

    He suggested that speculation about whether the Fed might be forced to cut rates to offset tariff impacts is misplaced.

    “That’s the mispricing we are talking about here,” he continued.

    The myopic focus on whether [we] are getting a fed cut in May/June is completely irrelevant if the notion of the risk-free as we know it is fundamentally challenged forever, which means cost of capital globally is going higher.

    Park’s comments highlight a deeper concern: that markets might be rallying on short-term hopes (like potential rate cuts) while ignoring potentially severe, longer-term structural damage to the US financial standing and the global cost of capital caused by ongoing policy uncertainty and aggressive trade tactics.

    While Bitcoin holds firm near recent highs, the debate continues over whether current market strength reflects genuine resilience or a dangerous disregard for underlying economic headwinds.

    Share this article
    Categories
    Tags

    Source link

  • Analyst holds $5 target for Pi Network ahead of major token release

    Analyst holds $5 target for Pi Network ahead of major token release

    Pi Network will rise to $5 despite 5.6M token unlock

    • The over $$138.252 million Pi Network token unlock on over the next 30 days may pressure Pi’s price.
    • Whales have moved 41M PI off exchanges, hinting at a rebound.
    • Analysts predict $5 target with market and ecosystem growth.

    Pi Network token has had a rough patch recently, with the Pi Network price dipping 80% from its all-time high to around $0.63 and struggling to gain momentum amid daily token unlocks.

    Despite the immense bearish pressure exerted by the token unlocks, a bold Pi Network price prediction has emerged from analysts, one of whom foresee the PI token climbing to an impressive $5.

    Why the $5 Pi Network price prediction could be realistic

    To start with, Pi Network price today sits at around $0.63 with a sturdy support at $0.60, a zone some experts believe could serve as a springboard for a breakout toward higher valuations.

    Technical analysis reveals a double-bottom pattern with a neckline at $0.7857, hinting at a possible breakout, while price prediction models suggest a climb to $1.83 by May 2025; a 190% jump from today.

    Adding fuel to the optimism, Pi Network founder Nicolas Kokkalis is slated to speak at Consensus 2025, a major crypto event, signaling a boost in credibility for the project amid the latest Pi Network news.

    Notably, Kokkalis’ appearance at Consensus 2025 alongside crypto giants like Eric Trump and Bo Hines coincides with the unlock of 5.6 million tokens, a move that could either weigh on the price or be absorbed by growing demand, depending on market dynamics.

    At the same time, Pi token whale activity is turning heads, with a single investor withdrawing 7.5 million PI token valued at $4.82 million from OKX, part of a broader $48 million accumulation now worth $31 million.

    From a broader perspective, whales have move approximately 41 million Pi tokens from crypto exchanges, signaling at massive accumulation.

    Such large-scale accumulation suggests confidence in the Pi Network value, potentially foreshadowing a price surge as these investors position themselves ahead of key milestones.

    Analysts also point to several drivers that could spur a potential recovery, including an improving cryptocurrency market, clearer Pi Network tokenomics, listings on top-tier exchanges, and broader ecosystem growth; all critical for the Pi Network price prediction to materialize.

    A listing on exchanges like Binance or Coinbase could also ignite investor enthusiasm, pushing the Pi Network price beyond its stubborn resistance at $0.70, a level it has repeatedly failed to breach.

    Beyond that, expanding real-world use cases for the PI token, such as applications or services accepting it, could solidify its utility and bolster long-term value.

    Possible handles that could curtail Pi Network’s rise

    The planned unlock of 219,065,154.07 tokens over the next 30 days and over 1.5 billion tokens over the next year raises concerns about dilution.

    Pi Network token unlocks over the next month

    And to make things worse, 35 billion PI tokens are held by insiders against 65 billion allocated to the community, a factor that could challenge the Pi Network price.

    In addition, the Pi Network open mainnet launch problems, as users struggle to migrate to the mainnet, has limited exchange presence, keeping its market cap at $4.3 billion and its price in a holding pattern.

    Nevertheless, the team has unveiled an elaborate Pi Network tokenomics with a total supply of 100 billion tokens; 65% allocated to community mining rewards, 10% to the foundation, 5% to liquidity, and 20% to the Core Team, and designed to scale with community migration to the mainnet.

    This tokenomics structure aims to ensure fairness and prevent early dumping, tying the network’s progress to the speed of Pioneer adoption, a unique approach that could stabilize the Pi Network value over time.

    In essence, while the 5.6 million tokens unlock poses a near-term risk, the $5 Pi Network price forecast hinges on Pi Network overcoming its challenges and capitalizing on its ecosystem expansion, making the Pi Network mainstream adoption a critical watchpoint.

    Share this article
    Categories
    Tags



    Source link

  • Bitcoin price prediction: analyst predicts BTC will hit $137k by Q3

    Bitcoin price prediction: analyst predicts BTC will hit $137k by Q3

    Bitcoin price prediction: analyst predicts BTC will hit $137k by Q3

    • Bitcoin (BTC) has rebounded above $85,000, with a predicted rise to $137,000 by Q3 2025.
    • US Treasury’s $500B liquidity boost and ETF inflows drive the bullish Bitcoin price prediction.
    • However, risks like US debt ceiling talks and failure of the coin to break $85,000 resistance could push the BTC price lower.

    Bitcoin’s price trajectory over the past few days has captured the crypto community’s attention as it stabilizes above $85,000 after a recent dip below $80,000 following US President Donald Trump’s Liberation Day tariffs.

    Analyst Titan of Crypto has forecasted that Bitcoin (BTC) could soar to $137,000 by the third quarter of 2025, igniting excitement among cryptocurrency enthusiasts.

    This ambitious prediction hinges on a blend of technical indicators and macroeconomic trends currently shaping the market.

    Why Bitcoin (BTC) price could hit $137,000

    One of the factors behind Titan’s Bitcoin price prediction is the massive US Treasury liquidity injections.

    The US Treasury has injected $500 billion into the markets since February 2025, reducing its Treasury General Account from $842 billion to $342 billion, significantly boosting liquidity in the markets.

    This move elevated the net Federal Reserve liquidity to $6.3 trillion, with forecasts suggesting it could climb to $6.6 trillion by August if debt ceiling negotiations persist.

    According to historical trends, BTC has exhibited an 83% correlation with global liquidity over the past year, often outperforming traditional assets like stocks and gold.

    For example, past liquidity surges in 2022 and 2023 preceded notable Bitcoin rallies, hinting that the current environment could pave the way for another upward surge.

    On the technical front, Titan of Crypto points to a bullish pennant pattern on Bitcoin’s daily chart, suggesting a potential 60% rally to $137,000 if it breaks the 200-day EMA near $90,000.

    Bitcoin has struggled to overcome this resistance around $85,000 since late February, but a decisive close above it could shift momentum firmly in favour of the bulls.

    Adding to the optimism, Bernstein analysts had predicted that over $70 billion in Bitcoin ETF inflows in 2025 could push prices as high as $200,000, reflecting growing institutional adoption.

    The April 2024 halving, which slashed mining rewards to 3.125 BTC, further supports this narrative, as previous halvings have triggered bull runs exceeding 600% gains.

    Beyond technicals, macroeconomic factors like recent tariff exemptions have lowered US Treasury yields, easing pressure on risk assets and creating a fertile ground for Bitcoin’s growth.

    Market sentiment also leans bullish, with buy-side liquidity on exchanges like Binance outpacing sell-side by a factor of 10, while large investors shift BTC to cold storage, signaling long-term confidence.

    The risks to Bitcoin’s climb

    However, risks loom on the horizon, as an early US debt ceiling resolution could cap liquidity at $6.3 trillion, potentially stunting Bitcoin’s ascent.

    Renewed trade war fears or geopolitical tensions could also drive investors toward gold, leaving Bitcoin vulnerable to a shift in safe-haven preferences.

    Technically, failure to breach the 200-day EMA could trap Bitcoin below $85,000, risking a drop to supports at $78,000 or $74,500.

    Despite these challenges, the broader 2025 outlook remains bright, with price targets ranging from $137,000 to $250,000, fueled by ETF inflows, corporate uptake, and post-halving dynamics.

    Companies like Semler Scientific, planning to raise $500 million to buy more BTC, exemplify the rising corporate embrace of Bitcoin as a treasury asset.

    Meanwhile, potential US-China trade talks could further enhance risk-on sentiment, benefiting speculative assets like Bitcoin if tensions ease.

    In the mining sector, increased selling by miners due to lower profitability, evidenced by 15,000 BTC outflows on April 7 when prices hit $74,000 according to the weekly CryptoQuant’s report, presents a short-term hurdle.

    Bitcoin miner CleanSpark on Tuesday announced it has secured a $200 million Bitcoin-backed credit facility from Coinbase Prime, shifting away from its previous 100% Bitcoin HODL strategy.

    The company will now begin selling part of its monthly BTC production to support growth and fund operations.

    However, the robust demand from institutional and retail investors appears poised to absorb this supply, maintaining upward pressure on prices.

    Ultimately, Titan of Crypto’s $137,000 Bitcoin price prediction by Q3 2025 rests on a compelling mix of liquidity trends, technical potential, and institutional momentum, offering a plausible glimpse into Bitcoin’s near-term future.

    Share this article
    Categories
    Tags



    Source link

  • JUP price prediction: Analyst says it could mirror SOL

    JUP price prediction: Analyst says it could mirror SOL

    • JUP price has retested a key resistance line after bouncing above $1.
    • Crypto analyst Rekt Capital suggests holding above support level will help bulls soar.

    As Solana price surges above $240 and nears its all-time high, crypto analyst Rekt Capital says Jupiter (JUP) could follow suit.

    The native token of the decentralized exchange (DEX) aggregator, which counts as a major ecosystem player for Solana, is attracting attention for its potential.

    “Jupiter was able to successfully retest the previous resistance area (red) into new support. In fact, JUP performed a volatile downside retest into the multi-month blue diagonal resistance as well. Continued stability here and JUP could follow SOL,” the analyst wrote on X on Nov. 18.

    Here’s the chart the analyst shared, indicating possible support levels for JUP on the weekly time frame.

    JUP weekly price chart by Rekt Capital

    JUP price at key level

    Earlier, the analyst had pointed to JUP’s bullish weekly close above $1.10. Noting that price was “showing initial signs of support,” Rekt Capital said:

    “JUP will need to form a base here at the red region to enable a move above $1.29 (black) which needs to be reclaimed for future trend continuation.”

    The altcoin rose to above $1.30 on Nov. 17, breaking to highs last seen in May. While profit taking deals have pushed JUP lower to $1.20, sentiment suggests a rebound is imminent. At the time of writing, JUP is hovering above the psychological $1 level, having bounced from lows of $1.04 to retest levels seen in May.

    Breaking to the supply zone means a rally riding broader market momentum could see buyers target the all-time high of $2.00 reached in January 2024.

    On the downside, the rejection at $1.30 could see bears push JUP beyond the primary support area. A retreat to below the horizontal support near $0.70 will bring the $0.50 area into view.

    Share this article
    Categories
    Tags

    Source link

  • Bitcoin breaks $87k; here’s what this analyst says about BTC price

    Bitcoin breaks $87k; here’s what this analyst says about BTC price

    • Bitcoin has hit a new high above $87,000 and could bounce past $100,000 amid bullish momentum.
    • If it happens, the bull market case is for a rally to $150k, an analyst says

    With Bitcoin rallying to a new all-time high above $87,000, the overall sentiment suggests it’s likely to continue higher. Although a breather could be due, analysts are suggesting this might just be a start of a major bull run for the benchmark crypto asset.

    Bitcoin hits $87k: What next?

    BTC rallied higher after breaching $84k amid MicroStrategy’s $2 billion worth of bitcoin purchase. The upward move now sees it trade above $87k. This is after the momentum carried from the past week, which saw Donald Trump become president-elect.

    According to crypto analyst Kaleo, the next stop for BTC could be $90k before a brief consolidation. However, this might offer the next upward bounce.

    Now, past performance is not an indicator of future gains, the market knows. Nonetheless, crypto analyst Kaleo says should Bitcoin price take a similar trajectory to its previous cycle, it could stall around $90k. This should however be only for a brief period before the upside momentum returns to push bulls beyond $100k.

    “When Bitcoin finally made a clean break above the previous cycle’s all time high in December of 2020, it ripped 22% higher without pulling back over the course of several days before it slowed down a bit,” the analyst posted on X. “It spent about [a] week consolidating [there] prior to beginning another 75% up only run over the course of the next few weeks,” he added.

     

    Per the chart the analyst shared, a bull market projection has Bitcoin price at $150k with a 75% breakout. Things may not play out as such, particularly with the market never moving in a straight line. Regardless, the long term view is super bullish for Bitcoin.

    “The fun in this bull market is just getting started,” the analyst opined.

    Share this article
    Categories
    Tags



    Source link

  • Twitter analyst sees bullish signs On Bitcoin (BTC) as Rebel Satoshi ($RBLZ) presale exhibits exciting price action

    Twitter analyst sees bullish signs On Bitcoin (BTC) as Rebel Satoshi ($RBLZ) presale exhibits exciting price action

    • Bitcoin surges above $46,000.
    • Bitcoin (BTC) is surging ahead of the much anticipated Bitcoin halving event.
    • Rebel Satoshi gains investor confidence as it nears delivering a 150% presale ROI.

    The crypto market has witnessed notable outflows over the past week as bears loom. As a result, top crypto coins are trading in the red. However, Ali Martinez, a renowned Twitter analyst, believes Bitcoin (BTC) will surge soon. Meanwhile, Rebel Satoshi ($RBLZ), an upcoming meme coin, is primed for massive gains before the end of the month.

    Between Bitcoin and Rebel Satoshi, which cryptocurrency will deliver the best returns in February? Let’s find out!

    Bitcoin: has the Bull Run began?

    Bitcoin performed poorly over the past seven days. On January 30, BTC was changing hands at around $43,611.27. After holding this level for a day, BTC slumped on January 31 ahead of the US Treasury’s decision on interest rates. The resulting downtrend saw BTC trade as low as $41,931.21 on February 1.

    However, BTC recovered partially after Ali Martinez pointed out that investors had transacted 912,626 BTC within the $42,560 price range, forming a significant support level. By February 6, BTC had stabilized at around $42,885.24. The price has since taken to the moon soaring past $46,500 at the time of writing on February 9.

    So, is Bitcoin a good crypto to buy now? According to analysts, despite the current bullish trend, BTC may face further headwinds due to the liquidation of Grayscale’s GBTC fund. To this end, experts set the end-of-February BTC prediction at between $35,807 and $50,000.

    Rebel Satoshi basks in the success of its presale

    Rebel Satoshi, a burgeoning meme coin that aims to challenge the status quo in the crypto industry, has caught investor interest with its audacious mission of fighting centralization. Additionally, Rebel Satoshi has left investors buzzing about its potential after securing close to $1.8 million thus far during its ongoing public presale.

    It is worth noting that $RBLZ, Rebel Satoshi’s governance and membership token, has also played a vital role in wooing investors. Specifically, $RBLZ offers investors access to the Rebel Satoshi ecosystem, which will feature the Rebel NFT Vault, an NFT marketplace, a P2E game, and a stake-to-earn program.

    By January, Rebel Satoshi had commenced Monarchs Round 4 of its presale, and $RBLZ’s price was $0.022. This price represents a 120% surge from the Early Bird Round $RBLZ price of $0.010. Notably, Early Bird Round investors will realize a 150% ROI when $RBLZ reaches its listing price of $0.025.

    On the other hand, Monarchs Round 4 investors will realize a 13.64% ROI when $RBLZ surges to $0.025. Interestingly, Rebel Satoshi has set February 29 as the closing date for its presale. More importantly, analysts believe $RBLZ will surge further when it gets listed on top DEXs after Rebel Satoshi concludes its presale.  

    For more information on Rebel Satoshi, visit the official Rebel Satoshi Presale Website or contact Rebel Red via Telegram.

    Share this article
    Categories
    Tags

    Source link

  • Bernstein analyst Gautam Chhugani picks a side

    Bernstein analyst Gautam Chhugani picks a side

    bitcoin vs gold bernstein gautam chhugani picks
    • Bernstein analyst says Bitcoin is more attractive than gold.
    • Gautam Chhugani explained why in a research note today.
    • Bitcoin is currently down about 10% versus its YTD high.

    Gold has a history of doing well in a recession – but this time Bitcoin is an even better investment, as per a Bernstein analyst.

    Bitcoin has a history of outperforming gold

    Gautam Chhugani continues to see the world’s largest cryptocurrency as the ‘safe haven’ since it has performed about five times better than gold since 2018.

    At 1.8%, he agreed that Bitcoin inflation is comparable to gold inflation for now but said “skeptics miss that every four years, [the former’s] inflation halves”.

    The total supply of Bitcoin is scheduled to halve in May of 2024. Historically, that event has resulted in significant price appreciation.

    Last week, billionaire hedge fund manager Paul Tudor Jones also said Bitcoin was a better investment than stocks in the current environment (read more).

    Spot Bitcoin ETF will unlock significant demand

    Gautam Chhugani is convinced that capital will flow into Bitcoin further as fears of recession continue to swell.

    The Bernstein analyst dubs the cryptocurrency a better investment than gold also because it is at a “fairly early stage of institutional adoption”. Significant demand will unlock once the Securities & Exchange Commission approves the first U.S. Spot Bitcoin ETF, he added.

    Bitcoin currently has a market cap that’s not even 5.0% versus that of Gold.

    BTC soared materially this morning following a report that the regulator has approved iShares Spot Bitcoin ETF. But the news was later confirmed as fake and resulted in a sharp pullback that brought Bitcoin back to around the $28,000 level.

    Share this article
    Categories
    Tags

    Source link

  • JPMorgan analyst says weakness in Bitcoin is ‘at its end phase’

    JPMorgan analyst says weakness in Bitcoin is ‘at its end phase’

    jpmorgan analyst view on bitcoin price
    • Nikolaos Panigirtzoglou is convinced that worst is behind us in Bitcoin.
    • He agreed that there recently have been positive news in crypto market.
    • Price of a Bitcoin has declined nearly 17% in less than two months.

    A JPMorgan analyst is convinced that the worst is behind us as far as the ongoing decline in the price of a Bitcoin is concerned.

    Bitcoin is not the only one taking a hit

    Nikolaos Panigirtzoglou attributes recent weakness in the world’s largest cryptocurrency to a bunch of long positions that were liquidated as positive news, including the pending approval of a Spot Bitcoin ETF continued to fade but added:

    This unwinding of long positions appears to be at its end phase rather than its beginning. As a result, we see limited downside for crypto markets over the near term.

    Note that Bitcoin is not the only risk-on asset that has had a tough few weeks. China-related concerns and higher real yields in the U.S. have been hitting the tech space at large.

    Nasdaq Composite is now down about 7.0% versus its recent high.

    Why are investors staying on the sidelines?

    Panigirtzoglou agrees that there has been positive news in the crypto market including PayPal Holdings introducing its own dollar-pegged stablecoin (read more) and the launch of “Base” by Coinbase Global Inc.

    But investors are staying on the sidelines and waiting for regulatory clarity partly because the Securities & Exchange Commission has appealed the recent decision in Ripple’s favour, as per his research note today.

    Appeal could result in a trial with outcome not expected until next year, inducing a new round of legal uncertainty for crypto and making them sensitive to any mid-process news.

    On Friday, Fed Chair Powell also said at the Jackson Hole symposium that rates may go even higher from here and signalled no near-term intent of cutting rates which doesn’t bode well for the cryptocurrencies either.

    Share this article
    Categories
    Tags

    Source link