Author: The Daily Hodl
A widely followed crypto analyst says that Bitcoin (BTC) is currently sitting at a “do-or-die” level while updating his outlook on altcoins Solana (SOL) and dogwifhat (WIF). In a new strategy session, crypto strategist DonAlt tells his 562,700 followers on the social media platform X that the crypto king’s weekly chart indicates it could go either way. “At a do-or-die weekly level here. As I stated before I really don’t like the $60,000 range low for another test. This one is better, untested support. If it breaks I think we’ll go to the next support indicated, if it holds new…
Blockchain data analysis firm Breadcrumbs says that traditional finance donations to Donald Trump’s 2024 Presidential campaign far outpace his crypto donations. The firm’s analysis of on-chain crypto donations made to Donald Trump’s re-election bid as of June 17, 2024, reveals the campaign has received $59,386 worth of funds. “Meanwhile, Trump’s campaign has received approximately $244 million from traditional finance donations towards his campaign as of the end of May.” The analysis was completed before today’s reported $2 million donation from the Winklevoss twins. Breadcrumbs is careful to note that not all crypto transactions are recorded “on-chain.” “Cryptocurrency transactions (including donations)…
A widely followed crypto analyst is warning that Bitcoin (BTC) could plunge to much lower levels as it drops to the $63,000 range. Crypto trader Justin Bennett tells his 110,800 followers on the social media platform X that Bitcoin could decline more than 18% from its current value. “Bitcoin is still range-bound, but the recent breakdown of the October 2023 trendline, combined with the February 26th and 27th imbalances, leads me to believe $52,000-$54,000 could be next. A lot of liquidity is sitting below that $56,500 low, and markets seek liquidity. We can’t rule out a run above $72,000 to…
Germany is selling a sizable amount of Bitcoin (BTC) that it confiscated as part of an investigation into an illegal movie streaming site. Blockchain analytics firm Arkham says that over the past two days, the German government moved over $195 million worth of Bitcoin to six crypto exchanges, including Coinbase, Kraken and Bitstamp. “German Government Still Selling BTC > $195 million so far. In the past two hours, the German government sent $65 million in BTC to two likely exchange deposits including Coinbase. The German government moved $600M BTC yesterday, sending $130 million BTC to four likely exchange deposits including…
A widely followed crypto analyst believes that a key metric indicates Bitcoin (BTC) is consolidating ahead of a blow-off top. In a new strategy session, trader Jason Pizzino tells his 329,000 YouTube subscribers that Bitcoin appears to be following a 2020 cycle pattern of consolidation before a sudden massive rise in price and volume. The analyst uses Google trend search terms as a metric to gauge where Bitcoin and cryptos are in the current cycle based on historical patterns. “So Google trends, a lot to look at. Bitcoin and crypto search terms, this still, well and truly, down compared to…
A closely followed crypto strategist believes that one red-hot altcoin project is on the verge of collapse. Pseudonymous analyst Altcoin Sherpa tells his 217,600 followers on the social media platform X that dogwifhat (WIF) may have yet to find a market bottom. “WIF: decent area overall, I expect a bounce. But I don’t really think this is the overall bottom. Strong retrace overall and expecting lower.” Looking at his chart, the analyst suggests that WIF could bounce to around $2.50 before dropping down to the Fibonacci retracement level at $1.26. WIF was trading for $0.148 on December 20th and at…
The CEO of blockchain analytics platform CryptoQuant, Ki Young Ju, is updating his outlook on altcoins ahead of a potential approval of spot Ethereum (ETH) exchange-traded funds (ETF) by the U.S. Securities and Exchange Commission (SEC). Young Ju tells his 348,500 followers on the social media platform X that Ethereum’s Market Value to Realized Value (MVRV) metric is flashing a bullish signal. The MVRV indicator, which is used to assess whether a particular crypto asset is undervalued or overvalued, is the ratio of market capitalization of Ethereum, or any other crypto asset, relative to its realized capitalization (the value of…
A widely followed cryptocurrency analyst and trader is expressing bullish sentiment on a small-cap altcoin built on the Ethereum (ETH) blockchain. The analyst and trader pseudonymously known as Credible Crypto tells his 399,300 followers on the social media platform X that the native token of Curve DAO (CRV), a decentralized finance (DeFi) platform focused on trading of stablecoins, is on the cusp of a massive rally. Credible Crypto says that CRV could skyrocket above $6, a potential gain of over 1,724% from the current level, once Bitcoin (BTC) reaches a price of over $100,000. CRV is trading at $0.329 at…
Real Vision macro expert Julien Bittel believes that Bitcoin (BTC) is on the verge of going parabolic based on historical precedence. Bittel tells his 69,400 followers on the social media platform X that Bitcoin is in a historical “boring” phase ahead of an expected “banana” rally that has come after the halving events when miners’ rewards are cut in half. “What we’re currently witnessing in terms of Bitcoin price action is fairly typical around the actual halving: a big pump leading into the halving, followed by a brief but sharp correction, a period of sideways chop, a final dump to…
Top US-based crypto exchange platform Coinbase is abruptly adding support for a stablecoin pegged to the Euro from Circle, the issuer of USDC. In a new thread on the social media platform X, Coinbase Assets says that the firm will begin supporting Euro Coin (EURC) on January 20th. “Coinbase will add support for EURC on the Ethereum network (ERC-20 token) and trading will begin on 20 June 2024 at or around 3PM ET. Do not send this asset over other networks or your funds may be lost.” According to Coinbase, EURC will be added to the crypto exchange with an…