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Tag: Predict

  • Bernstein analysts predict Bitcoin surge to $90k if Trump wins

    Bernstein analysts predict Bitcoin surge to $90k if Trump wins

    • Bitcoin could surge to highs of $90k if former US president Donald Trump wins the next election in November, analysts at brokerage and research firm Bernstein predict.
    • Analysts at the brokerage shared the prediction in a note to clients on September 9.

    Bernstein says a “Trump trade”, as they referred to a potential win for the Republican candidate, could see the flagship digital asset’s value reach a new all-time high.

    Gautam Chhugani, Sanskar Chindalia and Mahika Sapra shared the prediction in a client note published on Sept. 9. Per the analysts, Bitcoin price could climb to the $80,000-$90,000 level by the end of the year if Donald Trump wins the upcoming election.

    But while a second term for the former president would herald a positive momentum for BTC, the opposite is likely should US Vice President Kamala Harris win. If the Democratic candidate surmounts the Republican challenge, her win could provide a negative impact for cryptocurrencies, the analysts noted.

    In this case, it’s possible Bitcoin could trade low – price levels in the $40,000 to $30,000 range being the likely primary support area.  

    Currently, most polls have Trump ahead of Harris. Traders on decentralized platform Polymarket are also betting on a Trump win, giving him a 52% chance.

    Meanwhile, Polymarket data suggests Harris has a 47% chance of snatching victory.

    Trump vs. Harris’ crypto approach

    Trump’s more crypto-friendly stance and plans for crypto stand out as a key factor. Notably, the former US president’s approach largely contrasts with that associated with the Harris camp.

    Although the Harris campaign has initiated moves such as the crypto roundtable meetings, the Democratic presidential nominee has not added her voice to the crypto question in her campaign or policy statements.

    Bitcoin price struggles for upside

    Bernstein’s predictions come amid Bitcoin price’s struggles in the $50k-$60k range.

    Massive sell-off pressure, regulatory landscape and overall macro environment have all combined to add to a negative sentiment.

    However, analysts are bullish on crypto in the short term, particularly if Trump wins. This will also feed into the long term picture, which Bernstein has previously predicted could catapult BTC to $200k by end of 2025 and $500k by December 2029.

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  • Swissblock analysts predict a $76k Bitcoin price target as Bitcoin Dogs presale ends in eight days

    Swissblock analysts predict a $76k Bitcoin price target as Bitcoin Dogs presale ends in eight days

    Key takeaways

    • Bitcoin set a new all-time high of $69,170 earlier this week and market experts expect it to rally higher.

    • Bitcoin Dogs has raised more than $8 million so far and its presale will close in eight days.

    Bitcoin sets a new all-time high, targets $76k

    The cryptocurrency market has been extremely bullish this week, with Bitcoin setting a new all-time high price on Tuesday. BTC traded at $69,170 on Tuesday, setting a new all-time high for the first time since November 2021. BTC flash crashed to the $62k level after reaching a new all-time high on Tuesday but is slowly recovering. 

    At press time, the price of Bitcoin stands at $65,864.60, up by more than 3% in the last 24 hours. Thanks to the recent rally, Bitcoin’s market cap has now crossed the $1.2 trillion mark for the first time in over two years.

    Despite setting a new all-time high, Swissblock analysts are confident that BTC’s quick break back above the $62,000 level marked the start of a fresh uptrend targeting the $76,000 price level.

    What is Bitcoin Dogs?

    Bitcoin Dogs is one of the projects attracting attention within the Bitcoin ecosystem. It is a unique project as it is the first BRC-20 ICO on the Blockchain network. 

    According to the development team, Bitcoin Dogs will offer investors an exciting value proposition by combining the basic features of cryptocurrency, non-fungible tokens (NFTs), decentralised finance (DeFi), and Web3 culture. This combination will enable users to enjoy an immersive experience when they engage with the Bitcoin Dogs project.

    The Bitcoin Dogs ICO began three weeks ago and has already raised over $8 million. Its launch came a few weeks after spot Bitcoin ETFs in the US launched. The spot Bitcoin ETFs launched by BlackRock, Fidelity, and others are raking in record numbers as more investors buy into the Bitcoin dream. 

    In addition to that, the Bitcoin halving is only 46 days away, and it is an exciting event that could see BTC’s price soar higher in the near term. All these contribute to the special nature of Bitcoin Dogs’ ICO in the market. 

    Bitcoin Dogs is setting a trend by becoming the first BRC-20 ICO on the Bitcoin blockchain. Its native $0DOG will power the Bitcoin Dogs ecosystem. 

    Bitcoin Dogs presale surpasses $8m

    The Bitcoin Dogs presale has already raised more than $8 million roughly three weeks after it was launched. The $8.13 million raised so far indicates rising interest amongst investors for this project and its token. 

    In their whitepaper, the Bitcoin Dogs team said there would only be 900 million $0DOG tokens. In addition to acquiring the tokens, investors would have access to an exclusive NFT collection and an immersive gaming ecosystem. 

    The presale will last for a month and is set to end in eight days. The team is already taking advantage of the rarity and novelty of BRC-20 to attract investors.

    $0DOG tokens would be minted on the Bitcoin blockchain but investors will buy them on ERC-20. This is due to the popularity of ERC-20 tokens. Investors will provide a BTC wallet address and receive $0DOG tokens after paying with ERC-20 tokens. Investors can pay for the $0DOG token using ETH, USDT and USDC stablecoins.

    Click here to learn more about the Bitcoin Dogs presale.

    Should you invest in the Bitcoin Dogs project as BTC sets a new all-time high?

    Bitcoin has set a new all-time high and investors are paying more attention to Bitcoin-related projects. Bitcoin Dogs is the first ICO on the Bitcoin blockchain and is already attracting interest from investors. 

    With the right level of adoption combined with the ongoing bullish cycle, $0DOG could become one of the biggest winners in the coming months and years. 

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  • 84% of investors predict Bitcoin will hit a new ATH

    84% of investors predict Bitcoin will hit a new ATH

    • Bitget’s report reveals that 84% of survey participants predict Bitcoin (BTC) will hit a new all-time high in 2024.
    • About 70% say they have plans to add to their crypto investments as they eye the next bull run.

    Bitget, one of the crypto exchanges to see remarkable growth in 2023, has released findings of a new study on Bitcoin’s upcoming halving, which shows an overwhelming majority of investors are bullish on the flagship cryptocurrency post-halving. 

    Nearly three quarters say the potential for Bitcoin price to skyrocket to a new high weighs on their plans to add to their investments in 2024.

    The crypto exchange shared the findings of the survey in a report published today, Thursday, February 1.

    Bitget’s study – an overview

    An analysis of anonymized data that focused on investors’ perceptions around Bitcoin’s upcoming halving and how this impacted their investment decisions showed that the market is largely bullish on BTC.

    Here’s a highlight:

    • 84% of survey participants the next bull run will see Bitcoin price surpass its previous all-time high of $69,000. Only Europe had a percentage lower than 80% among all regions.
    • Over 50% of all respondents predict BTC will be between $30k and $60k by halving (expected around April 2024. 30% of participants think it could be higher than $60k.
    • About 70% of respondents said they have plans to add to their crypto investments. Highest conviction was expressed across MENA and East Europe.
    • Western European investors are largely “short-term cautious” and “long-term optimistic”.

    2024 could be significant for Bitcoin, Bitget’s Gracy Chen says

    According to Bitget, a diverse global demographic group of investors participated in the study. In total, 9,748 individuals drawn from across West Europe, East Europe, South East Asia, East Asia, MENA and Latin America shared their views and predictions for BTC pre-halving and post-halving.

    Other than the above highlights, the report also shows 55% of participants see Bitcoin price in the $50k-$100k post halving in 2024. A smaller percentage predicts a run to above $150k. More people in West Europe, 51%, expressed this expectation.

    Commenting on the findings, Bitget Managing Director Gracy Chen said: “The Bitget Study on BTC halving impacts provides valuable insights into the evolving landscape of cryptocurrency investment. The findings reflect a broad spectrum of expectations and investment plans, indicating that 2024 will be a significant year for the Bitcoin market.”

    Bitcoin traded at $42,700 on February 1, 2024, up 6.9% in the past week. Following declines in January, the benchmark cryptocurrency was 5.8% down in the past month. 

    However, analysts at Standard Chartered Bank are among those to point to a bullish run for the digital asset, which reached highs of $49k amid the spot Bitcoin ETF euphoria. Analysts at the bank predicted last year that BTC could rally to highs of $120k by end of 2024.

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  • Analysts Predict Flasko (FLSK) Will Rise Faster Than Shiba Inu (SHIB) and Dogecoin (DOGE)

    Analysts Predict Flasko (FLSK) Will Rise Faster Than Shiba Inu (SHIB) and Dogecoin (DOGE)

    we’re looking at Flasko, a one-of-a-kind cryptocurrency, and why it may rise quicker than Shiba Inu and Dogecoin.

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