AI Models Predict Neutral Bitcoin Trend: Warns Of Late-September Shock
Bitcoin is currently in a consolidation phase after a strong multi-month uptrend that began in April. Following weeks of heightened volatility and selling pressure, BTC has managed to hold steady above critical support levels, keeping the broader bullish narrative alive. Some analysts argue that this resilience highlights the strength of Bitcoin’s current market structure and […]
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A piece of excerpt allegedly taken from a JPMorgan & Chase’s report is warning its clients about a potential “liquidity shock” in the Bitcoin market. The extract praises the cryptocurrency industry for improving its on-screen liquidity better than traditional asset classes on a relative basis. Nevertheless, it simultaneously warns about how most such liquidity provisions […]
Bitcoin today blasted above $20,000, but one new naysayer warns that this is now almost double the asset’s fair market value and that the maximum value the cryptocurrency network could reach is only $74,000 long-term. The estimate is substantially lower than what specifically designed Bitcoin valuation models predict, but this is now the second time […]
Polygon (MATIC) has once again landed a big name. Casio Computer Co., Ltd. has unveiled its plans to launch the virtual G-SHOCK project, an interactive user community aimed at bridging the gap between the iconic G-SHOCK line of shock-resistant watches and its global user base. This initiative will see the distribution of 15,000 limited-edition G-SHOCK […]
Crypto pundit Cobb has explained why a supply shock could be imminent for XRP. This follows the launch of two ‘33 Act XRP ETFs, including Bitwise’s fund, with more set to launch next week. Why XRP Could Soon Witness A Supply Shock In an X post, Cobb declared that a supply shock is coming for […]
One trader spotted the fractal, which employs three classic technical indicators to predict an upside trend for Ethereum. Ethereum's native asset Ether (ETH) faces prospects of closing above $14,000 sometime in 2021 based on its current trend's striking similarity with the one from last year.Ether price fractalFirst spotted by user TradingShot, the Ethereum fractal involves three technical indicators: a 50-day simple moving average (50-day SMA), a Fibonacci channel, and a relative strength index (RSI).Ether closed above its 50-day SMA in July 2021, the first time since the May 2021 bearish....