Author: The Daily Hodl
A widely followed crypto analyst says Bitcoin (BTC) will soon crawl back to life from the depths to reach new heights. Crypto trader Michaël van de Poppe tells his 722,100 followers on the social media platform X that he has reason to believe that BTC has already made it through this correction cycle’s low. “Bitcoin is printing a massive weekly candle. If this closes above $57,000, then it’s very likely that we’ve seen the low of this correction.” According to Van de Poppe, institutional investors are pouring major capital into BTC at current prices. “Massive day yesterday as Bitcoin broke…
A widely followed cryptocurrency analyst and trader is predicting a massive rally for one large-cap memecoin. Pseudonymous crypto strategist Bluntz tells his 267,900 followers on social media platform X that meme asset dogwifhat (WIF) could soar more than 495% from the current value. “$10 next, it’s inevitable.” The analyst relies on the Elliott Wave theory, which states that a bullish asset tends to go through a five-wave rally after completing an ABC corrective move. With WIF having dropped down to $1.11 this week, Bluntz believes that WIF’s ABC correction is likely over and the memecoin is ready to ignite a…
Seasoned trader Peter Brandt is warning there’s a 50% chance that Bitcoin (BTC) plummets below $40,000 this cycle. Brandt tells his 734,000 followers on the social media platform X that Bitcoin could possibly plummet more than 35% from its current value before the end of next year. “I believe there is a 50% chance BTC visits sub-$40,000 before the last half of the halving plays itself out.” Brandt also suggests that Bitcoin’s price action this year may be forming an inverted right angled broadening triangle, similar to Bitcoin’s black swan event in 2020 at the start of the Covid-19 pandemic.…
A widely followed crypto analyst is expressing bullish sentiment on a large-cap altcoin while updating his outlook on Bitcoin (BTC) and Ethereum (ETH). In a new thread, pseudonymous crypto trader Credible Crypto tells his 408,700 followers on the social media platform X that XRP, the token used to operate Ripple Labs’ payments platform, is due for a “inevitable mega run” now that its legal troubles are over. According to Credible Crypto, XRP is consequently now set for an explosion now that its legal bout with the U.S. Securities and Exchange Commission (SEC) ended with a $125 million fine. “New all-time…
A market analyst and trader is expressing bearish sentiment on Bitcoin (BTC) amid a correction that has seen the flagship crypto asset fall by around 10% in a week. The analyst pseudonymously known as DonAlt tells 61,800 subscribers of the TechnicalRoundup YouTube channel that Bitcoin appears bearish after recording a series of lower highs and lower lows on the weekly time frame since reaching its all-time high of around $73,800 in March. “Weekly time frame is bearish right now. And it will remain bearish unless we reclaim $60,000… I think $60,000 is now the line in the sand.” The analyst…
A closely followed crypto analyst believes that top altcoin projects could soon surge toward higher prices based on one key metric. Jamie Coutts, the chief crypto analyst at Real Vision, says that “high quality” altcoins could be approaching a market bottom based on the top 200 equal weight index versus market cap ratio. The top 200 equal weight index tracks the performance of the top 200 cryptocurrencies by market cap relative to Bitcoin (BTC). He suggests that based on historical precedence, some alts may soon finish correcting and reverse course. “My small-cap or alt-sentiment chart: the top 200 equal weight…
A widely followed crypto analyst says that one rival of global payments network Stellar (XLM) is primed to skyrocket against Bitcoin (BTC). In a new strategy session, pseudonymous crypto trader Kaleo tells his 643,500 followers on the social media platform X that XRP, the native token of the XRP Ledger, is on the cusp of a breakout against BTC as its legal battle against a prominent US regulator has come to an end. “XRP/BTC. And there’s your squeeze. XRP [vs] SEC case is over. And XRP is finally officially declared not a security.” The U.S. Securities and Exchange Commission (SEC)…
Macroeconomist Alex Krüger doesn’t think crypto is destined to wallow in a long bear market. In a new thread, Krüger tells his 179,000 followers on the social media platform X that digital assets are facing three possible historical scenarios after suddenly plunging in price over the weekend. The first scenario occurred in March 2020, when crypto prices cratered due to the coronavirus but then recovered within two months, kicking off one of the biggest bull runs in the history of the sector. The second was in May 2021, when Bitcoin (BTC) crashed by more than 30% after hitting a new…
The co-founder of software firm MicroStrategy is reportedly disclosing the size of his personal Bitcoin (BTC) stash. According to a new report by Bloomberg, former MicroStrategy CEO and Bitcoin maxi Micheal Saylor says that he owns about $1 billion worth of the top crypto asset by market cap. Though he didn’t disclose the exact amount of BTC he holds, about four years ago, Saylor disclosed on social media that he owned 17,732 Bitcoin and recently told Bloomberg he hasn’t sold a single token out of his bag. Says Saylor to Bloomberg, “I continue to acquire more. I think it’s a…
A deep-pocketed crypto holder who bought troves of Bitcoin (BTC) when the flagship digital asset was still trading for less than $30,000 made its first transaction in over a decade. On-chain data shows that on Wednesday, the previously dormant crypto wallet moved 249.9 Bitcoin worth $13.94 million based on the cryptocurrency’s current price of $55,817. The fee associated with the transaction was 0.0000461 BTC, or $2.57. The transfer is the wallet’s first transaction since 2013. Back then, Bitcoin was worth just $29,245. Says blockchain tracker Whale Alert, which spotted and reported the transfer, “A dormant address containing 250 BTC ($14,075,072…