Basechop crypto

The current year has already witnessed significant developments impacting the cryptocurrency industry, with one of the most crucial events being the approval of spot Bitcoin ETFs in the United States. Recently, the flagship of the crypto market reached global extremes, last seen in 2021. Many industry experts note that a full-fledged bull run is just beginning. With the highly anticipated halving scheduled for April, which could have a significant impact on the coin's dynamics, experts at Finbold sought insights on the potential price of BTC post-halving. According to ChatGPT, the machine learning system suggests that even before the event, Bitcoin could reach a new all-time high of $69,000. Following the halving, its price could potentially reach $80,000. It is worth noting that the reduction in miners' rewards for mined blocks has the most substantial impact several months later. According to ChatGPT, by December 31, 2024, Bitcoin could rise to $85,000. However, the machine learning system has also formulated a possible negative scenario in which Bitcoin could plummet to $10,000. This would only occur in the event of market fatigue, the implementation of regulatory crackdowns, and the emergence of a significant competitor. Previously, trader Skew reported that from a technical standpoint, Bitcoin confidently surpasses all resistances, which then act as strong supports. According to the specialist, the leading digital currency appears overbought, but there are currently no signs of a deep correction. Skew also highlighted the sustained institutional demand for the leading digital currency. Against this backdrop, specialized ETFs actively attract funds from large investors.

1 минута чтение

Bitcoin

Bitcoin Price Forecast: Analysts Predict Bull Run After Halving

3 месяца тому назад admin

The current year has already witnessed significant developments impacting the cryptocurrency industry, with one of the most crucial events being...

XRP, cryptocurrency, analysis, bullish trend, market sentiment, technical indicators

2 минуты чтение

Altcoins

XRP Analysis: Signs of Recovery Amidst Stagnation

3 месяца тому назад admin

Despite optimistic expectations, the price of XRP has remained stagnant for several weeks, sparking discussions and disappointment within the community....

Ethereum, ETH Price Analysis, Cryptocurrency, Market Trends, Bullish Trend, Discover Crypto, Trading Signals, Technical Analysis, Price Forecast, Relative Strength Index (RSI), Bullish Cycle, TradingView, Crypto Analyst, Investment Strategy, Historical Price Movements.

1 минута чтение

Etherium

Ethereum (ETH) Could Experience 10x Growth, According to Discover Crypto Analyst

3 месяца тому назад admin

Signals Point to a Bullish Trend Discover Crypto, a prominent YouTube channel, has identified signals that could lead to a...

Dogecoin, DOGE price, technical analysis, support levels, resistance, RSI, bullish trend, market trends

2 минуты чтение

Dogecoin

Dogecoin’s Rollercoaster Ride: Assessing Chances of Recovery After Yearly Highs

5 месяцев тому назад admin

Despite a recent decline, Dogecoin (DOGE) is still trading above a critically significant support area, offering hope to the bulls....

Cardano, ADA price, EMA, technical analysis, trading charts, golden cross, MACD, RSI, Fibonacci retracement, bullish trend, resistance levels

1 минута чтение

Crypto coins

Cardano’s (ADA) Bullish Trajectory: Technical Analysis and Price Trends

5 месяцев тому назад admin

The price chart for Cardano (ADA) reveals a robust performance, with additional support provided by the 50-week EMA at $0.38...

On December 9th, Ethereum reached a new yearly high at $2403, only to experience a sharp decline afterward. Currently, ETH is approaching a critical horizontal support level, prompting a closer examination to determine whether a breakthrough is imminent. Ethereum's Price Retreat from the Yearly High: The price of Ethereum had been steadily rising since early October. On November 5th, it broke through a descending resistance trendline, accelerating its upward trajectory. Following a brief rebound from a horizontal resistance area, ETH reached a new yearly high at $2403. However, the token's price began to decline thereafter, with today's drop being particularly steep. The price dipped to a minimum of $2145 before experiencing a slight bounce. Notably, trader Route 2 Fi observed that ETH hasn't been this weak relative to Bitcoin since June 2022. Source: TradingView The Relative Strength Index (RSI) is sending mixed signals. After forming a bearish divergence (green circle), it dropped but still remains above the neutral level of 50. Read Also: 2 Reasons Ethereum (ETH) Might Outperform Bitcoin (BTC) in Returns ETH Forecast: What Comes First — $2000 or $3000? While the daily timeframe provides conflicting signals, the weekly chart displays a resolute bullish sentiment. This is primarily attributed to the breakthrough of the long-term horizontal resistance zone at $2000. Except for a deviation (red circle) in April, this area has been present on the chart since April 2022. Therefore, its breakthrough is expected to lead to a significant price increase. Cryptocurrency trader Daan Crypto believes that today's decline was triggered by the unwinding of leveraged long positions: "People had too much borrowed money, and the price wasn't moving up. It only needed a tiny push for all these positions to snowball and cause the squeeze we just experienced." As the open interest resets, the upward movement of ETH may continue. The weekly RSI also supports further growth. The indicator is above 50 and trending upward. The next long-term resistance on the weekly timeframe is at $3500, signifying a potential 60% price increase. Source: TradingView Meanwhile, a weekly close of ETH below $2000 would render the bullish breakthrough invalid. In this scenario, the price is likely to decrease by 30% to the next support level at $1500.

2 минуты чтение

Etherium

Ethereum’s Rollercoaster: Analyzing the Recent Price Fluctuations

5 месяцев тому назад admin

On December 9th, Ethereum reached a new yearly high at $2403, only to experience a sharp decline afterward. Currently, ETH...

Dogecoin, DOGE, cryptocurrency, price analysis, resistance, bullish trend, technical indicators

2 минуты чтение

Dogecoin

Dogecoin (DOGE) Reaches Yearly High at $0.106: Analysis and Future Predictions

5 месяцев тому назад admin

The recent surge in Dogecoin (DOGE) has led to the cryptocurrency reaching its yearly high at $0.106. While the price...

Introduction: The meme token PEPE has experienced a 17% increase in the last 24 hours and a 43% gain over the past week. In this analysis, we examine the charts to determine whether this growth signals the beginning of a long-term bullish trend. PEPE's Week-Long Surge: PEPE, one of the most popular meme coins, has been on the rise for a week. Acting as a younger sibling to Dogecoin (DOGE) and Shiba Inu (SHIB), PEPE has surpassed long-term resistance levels, reaching a 5-month high. If PEPE manages to sustain its bullish momentum, it could signify the end of the consolidation period, with the meme coin poised to move toward the next resistance level at $0.00000190. However, if today's growth turns out to be a fleeting correction, PEPE may retract to the support level at $0.00000102. PEPE at 5-Month High: The popular meme coin has been in a long-term accumulation phase since June 2023. During this period, it reached a minimum of $0.00000082 (orange ellipse), confirmed $0.00000190 as resistance, and resumed its decline. From mid-September to mid-October, PEPE formed a "double bottom" pattern around $0.00000061 (red ellipse). The subsequent rise confirmed significant resistance in the $0.00000147 range. This area has repeatedly acted as both support and resistance (blue arrows), making it crucial for the overall trend.

1 минута чтение

Altcoins

Meme Token PEPE Records 43% Weekly Gain: Analyzing Charts for Long-Term Bullish Trend

5 месяцев тому назад admin

Introduction: The meme token PEPE has experienced a 17% increase in the last 24 hours and a 43% gain over...

Polygon, MATIC, cryptocurrency, price analysis, resistance, bullish trend, Web3 games, Game7 DAO, technical analysis, crypto Twitter, price forecast, parabolic growth.

2 минуты чтение

Polygon’s MATIC Token Approaches Long-Term Resistance: Will It Break Through?

6 месяцев тому назад admin

Polygon's MATIC token has been on an upward trajectory for the past five weeks, nearly reaching $1 today. MATIC has...

Anthony Pompliano, cryptocurrency market, spot ETFs, Bitcoin, Ethereum, regulatory approval, SEC, market capitalization, bullish trend, BlackRock, mainstream adoption, financial institutions.

2 минуты чтение

Altcoins

Anthony Pompliano Discusses Potential Impact of Spot ETFs on Bitcoin and Ethereum

6 месяцев тому назад admin

Anthony Pompliano, the founder of Morgan Creek Digital and head of Pomp Investments, recently discussed the potential launch of spot...

bullish trend

Bitcoin Price Forecast: Analysts Predict Bull Run After Halving

XRP Analysis: Signs of Recovery Amidst Stagnation

Ethereum (ETH) Could Experience 10x Growth, According to Discover Crypto Analyst

Dogecoin’s Rollercoaster Ride: Assessing Chances of Recovery After Yearly Highs

Cardano’s (ADA) Bullish Trajectory: Technical Analysis and Price Trends

Ethereum’s Rollercoaster: Analyzing the Recent Price Fluctuations

Dogecoin (DOGE) Reaches Yearly High at $0.106: Analysis and Future Predictions

Meme Token PEPE Records 43% Weekly Gain: Analyzing Charts for Long-Term Bullish Trend

Polygon’s MATIC Token Approaches Long-Term Resistance: Will It Break Through?

Anthony Pompliano Discusses Potential Impact of Spot ETFs on Bitcoin and Ethereum

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