Bitcoin's current market structure is similar to its setup before reaching its all-time high in November 2021, suggesting a potential bullish trajectory for the leading cryptocurrency, according to crypto expert Credible Crypto, who believes a breakout from the accumulation range could lead to a 120% rally and new all-time highs this year. However, a drop below $24.8k would invalidate this prediction.
A stock market rally is likely to occur in the near future, as recent data indicates that a bounce is expected after a period of selling pressure, with several sectors and markets reaching oversold levels and trading below their normal risk ranges. Additionally, analysis suggests that sectors such as Utilities, Consumer Staples, Real Estate, Financials, and Bonds, which have been underperforming, could provide upside potential in 2024 if there is a decline in interest rates driven by the Federal Reserve.
Bitcoin may experience a period of stagnation before turning bullish again, according to crypto analyst Jason Pizzino, who believes that the cryptocurrency could remain in its current pattern for the next couple of months before potentially surging in late 2021 or early 2024.
There is a possibility that digital assets may not witness another bull market, according to a crypto strategist who is growing skeptical of the market's potential for a bullish reversal this time around, citing a lack of real-world use cases and the failure to deliver on promises. However, another investor remains confident that a crypto bull market is coming, predicting a potential decline in prices before a new bull market begins.
Stocks rally as job openings decline in July, bonds rally on softening job market and odds of interest rate pause, court rules SEC needs more reasoning to block Grayscale's Bitcoin ETF, and other market movements.
A trader predicts that Bitcoin will reach a new all-time high before the end of 2023, with the possibility of a 157% rally from the current level.
Bitcoin is predicted to enter a "mid-cycle lull" before starting a bull run in late 2024, according to a new price model, with the date of November 28th identified as a key pivot point in the year.
New data from crypto analytics firm Santiment suggests that despite widespread uncertainty in the market, digital assets are indicating potential rallies, as periods following increased fear, uncertainty, and doubt (FUD) tend to lead to price increases for cryptocurrencies.
Despite the overall bearish trend, crypto strategist Benjamin Cowen believes Bitcoin could see occasional rallies, following the recent death cross formation, with three potential scenarios playing out, including a possible 12% increase from the current level.
Crypto analyst Jason Pizzino believes that Bitcoin's bull market cycle is underway and will be confirmed if it crosses the key level of $28,500.
Bitcoin has the potential to rally and reach a new high in 2023, according to an analyst, who also states that the current price action looks constructive after a period of downward trend.
Bitcoin, ethereum, BNB, and XRP have experienced a strong price rally in 2023, but a small cryptocurrency has surpassed them, while the Federal Reserve's interest rate decisions could impact the bitcoin price.
Bitcoin is poised for a bull run next year according to analyst Dave the Wave, who cites the cryptocurrency's monthly moving average convergence divergence (MACD) and logarithmic growth curves (LGC) as indicators of a maturing market and potential price increase, although short-term volatility is still possible.
The recent rallies in Bitcoin and altcoins could reverse abruptly, according to trader DonAlt, who believes that the market is rallying based on anticipation of Ethereum-based ETFs but warns that these catalysts may not be strong enough to sustain the rallies, especially considering the historical bearishness of crypto futures products.
Bitcoin (BTC) may test its bull market support and potentially have a final leg to the downside, as predicted by crypto analyst Rekt Capital, who also suggests that this could be the last chance to buy BTC at low prices before it potentially peaks in 2025.
Crypto strategist predicts that Bitcoin will enter a massive bull run and reach new all-time highs once it surpasses a key support level, but warns that bearish speculation from the stock market could decrease momentum.
Bitcoin's upcoming halving event in April 2024 has generated high anticipation, with predictions of another massive rally and a possible surge past $100,000; however, past performance, supply and demand dynamics, and evidence from Litecoin suggest caution in relying solely on these predictions.
Bitcoin and crypto markets are following a cyclical pattern, with bull markets typically occurring after halving events, but a significant pullback is anticipated in the period leading up to the next halving event in April or May 2023, potentially causing a drop in BTC prices.
Bitcoin is potentially in a bull market, with the recent surge to $31,000 likely being the disbelief rally of the first stage, according to crypto strategist Jason Pizzino, although he acknowledges the possibility of a deep corrective move before a full-blown bull market begins.
Bitcoin is potentially in a bull market, with the recent surge to $31,000 being the "disbelief rally," according to crypto strategist Jason Pizzino, who also warns of a possible deep corrective move before a full-blown bull market.
A rally in the S&P 500 in the fourth quarter of 2023 is more likely than not, according to Morgan Stanley's Michael Wilson, as investors maintain confidence in current levels despite concerns about interest rates and economic growth.
Bitcoin is poised for a significant move, with Bloomberg analyst Mike McGlone suggesting that it is more likely to collapse rather than rally, as it remains stuck between its 50- and 100-week moving averages.
Summary: Bitcoin and other cryptocurrencies are on the rise, fueled by a recent rally, although some traders may be preparing for a potential pullback due to uncertain optimism surrounding a recent catalyst.
The last week saw a marketwide rally in cryptocurrencies, with Bitcoin and several other coins experiencing double-digit percentage gains, fueled by speculation of a Bitcoin spot ETF approval and other regulatory developments.
