Institutional Bets Grow Even as Bitcoin Consolidates Below $113K: Analysts Ex...
Bitcoin (BTC) trades around $112,260, consolidating within a tight range as investors weigh bullish technical setups against global macroeconomic headwinds. Related Reading: Is The Bitcoin Bull Market Over? Pundit Warns Investors Of 30-Day Window To Take Profit The leading asset moved between an intraday high of $113,138 and a low of $110,812, showing the tight […]
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Analysts at global asset management firm Bernstein have revised their former Bitcoin target to $200,000, foreseeing the influx of Spot Bitcoin ETFs inflows catalyzing this massive price surge. Bernstein Analysts Raise Bitcoin Target To $200,000 In a note to clients, Bernstein analysts, Gautam Chhugani and Mahika Sapra predicted that Bitcoin could reach $200,000 by the end of 2025. This new price target comes after analysts foresaw BTC hitting $150,000 earlier in May. At the time, the analysts disclosed that they anticipated about $70 billion in inflows from Spot Bitcoin ETFs between 2024....
Ethereum is facing a pivotal test as the market struggles to hold momentum amid mounting selling pressure. After losing the $4,500 level, ETH has entered a tight consolidation range, with bulls now forced to defend current levels. Analysts warn that failure to reclaim $4,500 soon could open the door to a deeper correction, with downside […]
Bitcoin is the best-performing macro asset of 2020, hands down. From the start of the year, the coin is up around 150%. And since the March lows, the leading cryptocurrency has gained around 450%. But analysts think that institutional influence in the space will drive the market even higher. The Institutional Influence on Bitcoin Will Grow as Bull Case Becomes Clear Paolo Ardoino, CTO at Bitfinex, recently said that he thinks the extremely apparent Bitcoin […]
Crypto analysts are pushing back against the narrative that the current BTC rally is being fuelled by a liquidity crunch afflicting bitcoin mining pools in China. The liquidity crunch, which is caused by an ongoing regulatory crackdown in that country, has reportedly left miners unable to sell their BTC holdings. Miners Are Selling The analysts are instead backing a counter-narrative which points to institutional investor interest as the reason for the current BTC rally. Using data to support their assertions, the analysts suggest that the current bull run, which has different....
Select altcoins are moving higher as Bitcoin price gains strength and consolidates within a bull pennant. Bitcoin’s (BTC) price has been hovering near the $19,000 level for the past few days. Whenever the price consolidates near the all-time high, it is an indication of strength. However, the question troubling investors is whether Bitcoin will source enough momentum to pull above $20,000 or will it witness a sharp correction in the short term. At the moment, analysts are divided on their expectations about the next move.While the near-term remains uncertain, on-chain analyst Willy Woo....