Prominent Analyst Thinks The Bitcoin Macro Bottom Is In, But…?
With the Bitcoin price continuing to bounce off from the $60,000s level, it is starting to look like the digital asset has found a bottom. Although there is still some weakness in the market, as crypto investors remain fairly cautious, there have been a number of recovery attempts that suggest that buyers are stepping back […]
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Bitcoin has been the best-performing macro asset of 2020. Dan Tapiero, a prominent macro investor and a co-founder of firms like 10T Holdings and Gold Bullion Int., thinks this will continue. He said that he can’t imagine a world where “the coin doesn’t outperform all other assets.” Bitcoin Could Be the Best Performing Asset Moving Forward, Says Macro Analyst Bitcoin has surged over 60% in the past month alone. The leading cryptocurrency has rocketed from […]
Bitcoin has pushed seriously higher over the past few days despite some mixed performance in the S&P 500. The leading cryptocurrency is up around $2,000 over the past seven days, having rallied as high as $13,250 after bottoming at $11,200 last Thursday. Prominent macro analyst Raoul Pal expects that BTC will continue to outperform other macro markets in the future. Bitcoin to Decouple from S&P 500, Dollar: Prominent Macro Analyst Pal recently went as far […]
Crypto analyst Leshka has explained why it is unlikely that the Bitcoin price has bottomed even as it continues to attempt a recovery above $70,000. His analysis also aligns with predictions from analysts such as Doctor Profit, who predict that BTC could still drop to $40,000. Analyst Explains Why Bitcoin Price Hasn’t Bottomed In an X post, Leshka noted that the Bitcoin price has never bottomed after a drawdown of just 47%. He further remarked that every bear market in history saw at least 78% drawdown from the top. BTC notably saw drawdowns of around 87%; 84%; and 73% in 2013, 2017, and....
The XRP price fell as low as $2.0238 on Monday, potentially forming a local bottom. Since then, the XRP price is up almost 6%, however, the possibility of a deeper retracement remains. Two prominent chartists—CasiTrades (@CasiTrades) and Charting Guy (@ChartingGuy)—have shared their perspectives on whether the token has found its local bottom or if further downside might still be on the table. Is The XRP Price Bottom In? According to CasiTrades’ newly published chart, XRP appears to have tested the 0.786 Fibonacci retracement at $2.05 and is now showing bullish divergences across multiple....
October has historically been a green month for Bitcoin, but will this trend continue, keeping in mind the current macro market conditions? Join us as we discuss this and more with our host, Joe Hall, and Rekt Capital, a crypto trader and analyst. In this week’s episode of Market Talks, we welcome Rekt Capital, a cryptocurrency analyst who shares macro research, commentary and technical analysis related to crypto markets. He publishes a popular newsletter and provides courses that help educate traders on how to make informed decisions when buying and selling cryptocurrencies. He has more....