Bitcoin Price Prepped for ‘Big Game,’ Analysts Expect Bull Rally
Despite a recent drop — about two dollars since our last article — the bitcoin price has remained relatively still. The sentiment among analysts is that bitcoin is preparing itself for a hefty move in the coming weeks, but still needs a little more time to warm up. Bitcoin Price Still Prepping for Big Move, Analysts Say. One source explains: “Bitcoin price pulls lower toward horizontal support near $560. The outlook remains that the market is engaged in a sideways base formation prior to advance. Price is returning to the consolidation floor today, and we watch to see if the support zone....
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Ethereum has undergone a strong rally over the past 48 hours as the crypto market has bounced back from the weekly lows. The price of ETH currently is $473, up 5% in the past 24 hours alone. Analysts expect further gains as the asset looks poised to close a daily candle above $482, which should trigger a move above $500. Ethereum Set to Explode Past $500, Analysts Say Ethereum has undergone a strong rally over […]
Some analysts claimed that it was a natural price correction, primarily after Bitcoin's consecutive gains of up to 119 percent in the previous four weeks.
A few Bitcoin traders expect now expect a deeper correction but data suggests that a relief rally toward $18,000 should not be ruled out. The price of Bitcoin (BTC) has been consolidating above $17,000 on Nov. 28 following a major correction from $19,400. In the near term, traders anticipate the dominant cryptocurrency to see another steep pullback.There are three main reasons why traders expect a deeper drop to occur in the near future, namely, historical cycles, the Fibonacci Sequence, and the record-high open interest of the futures market. BTC/USDT 4-hour chart (Binance). Source:....
The price of Bitcoin has surpassed $23,000, and analysts predict where BTC is headed next after a significant rally. Bitcoin price surpassed $20,000 with ease on its third retest, buoyed by a surge in buy volume. Following the breakout, analysts anticipate the dominant cryptocurrency to eventually rise to the mid-$30,000s. However, in the short term, the expectations of a pullback are growing.There are compelling arguments for both short-term bull and bear cases. Traders who are highly optimistic in the near term state that the surge past $20,000 has confirmed a new bull trend. With no....
Quick Facts: ➡️ Bitcoin sentiment is transitioning from fear to cautious optimism as price grinds higher, historically the phase when capital rotates into higher‑beta plays. ➡️ Tom Lee predicts Bitcoin to retake $100K+ by the end of 2025, while analysts expect a 2026 bull cycle. ➡️ Bitcoin Hyper ($HYPER) targets Bitcoin’s limitations by pairing an […]