Author: The Daily Hodl
A widely followed cryptocurrency analyst and trader is leaning bullish on one memecoin while giving his forecast on two layer-1 altcoins. The analyst pseudonymously known as Bluntz tells his 287,700 followers on the social media platform X that Dogecoin (DOGE) is “still turbo strong.” Based on Bluntz’s chart on the four-hour time frame, it appears that the pseudonymous analyst is suggesting that Dogecoin could skyrocket by nearly 60% to reach a price of $0.22. At time of writing Dogecoin is trading at $0.138, up by over 20% in the past two weeks. The widely followed analyst further says, “Dogecoin is…
Binance, the world’s leading cryptocurrency exchange, is expanding its trading offerings to include a new Ethereum (ETH) layer-2 altcoin. According to the exchange, Scroll (SCR) is now available for spot trading using the pairs of SCR/BTC, SCR/USDT, SCR/FDUSD and SCR/TRY. Binance says its customers can purchase Scroll using VISA, MasterCard, Google Pay, Apple Pay or with their wallet balances. According to Binance, Scroll is a project aiming to solve Ethereum network congestion and reduce its fees. “Scroll is a Layer-2 zkRollup solution using zero knowledge proof technology to scale Ethereum, making it cheaper and faster without compromising security and compatibility.”…
Warren Buffett has now sold a staggering $10.5 billion of Berkshire Hathaway’s stake in Bank of America in a matter of months. New filings with the U.S. Securities and Exchange Commission shows the firm just sold an additional 8.54 million shares in September and October, worth $337.86 million. The move follows Berkshire’s complete exit from JPMorgan Chase and Wells Fargo positions in recent years and marks 15 rounds of relentless BofA sales. The selling has dropped Berkshire’s overall stake in the bank to below 10%, reports Fortune. The threshold is significant, as it will allow Berkshire to report its BofA…
A widely followed crypto analyst is issuing a warning to investors, saying that top altcoin Ethereum (ETH) might see a crash in December. In a new strategy session, prominent crypto trader Benjamin Cowen tells his 869,900 followers on the social media platform X that based on historical patterns, the second-largest digital asset by market cap may drop during the end of the year, reaching its lowest point in December. “In 2016, ETH had big drops in April, August, and December. In 2024, ETH has had big drops in April and August. So decent chance it plays out in a similar…
Electric vehicle giant Tesla likely still holds $772.5 million in Bitcoin (BTC), according to the crypto deanonymizing platform Arkham. Last week, Arkham flagged a series of on-chain transactions indicating Tesla had moved its trove of 11,509 BTC for the first time in two years. However, the receiving addresses appear to be new wallets owned by Tesla, according to the crypto platform. “The Bitcoin has been split between 7 wallets holding 1100 and 2200 BTC. All holding wallets received test transactions and all but one hold a round number of BTC. Tesla’s BTC is currently held at:1Fnhp – 2109.3 BTC ($142.2…
A widely followed crypto analyst believes that Bitcoin (BTC) is on the verge of a breakout despite dipping into the $65,000 range on Wednesday. Crypto trader Michaël van de Poppe tells his 732,700 followers on the social media platform X that Bitcoin’s correction may be over and a return to the all-time high of about $74,000 may be just weeks away. “There we go. The dip has happened on Bitcoin. I think that the correction is over as today’s macroeconomic season is kicking off with PMI (Purchasing Managers’ Index) data. Expecting to see the ATH test in the next two-four…
A cryptocurrency analyst and trader is leaning bullish on a memecoin that launched earlier this month. The analyst pseudonymously known as Sherpa tells his 11,300 YouTube subscribers that the Goatseus Maximus (GOAT) memecoin is “going to go much higher.” Designed as a memecoin on the Solana (SOL) blockchain, GOAT is in an emerging niche of memecoins that rely on viral content and community engagement to popularize themselves while being promoted by artificial intelligence (AI) bots. “…they’re the strongest because GOAT was the first of its kind. It came out the strongest, it’s going to be the presumed leader of this category.…
A widely followed crypto analyst is warning that Bitcoin (BTC) may be heading lower after tapping the $69,000 level on Sunday. Pseudonymous crypto trader Credible Crypto tells his 431,100 followers on the social media platform X that he is turning short-term bearish on Bitcoin. “I think our top is probably now in on BTC. Here’s what I think makes the most sense on lower timeframes. A bit more chopping about before we are ready to continue down ideally… Going well so far, a bounce from this region would be ideal. Bait in a some final longs before the rug pull.”…
A top crypto analyst known for predicting the May 2021 Bitcoin collapse says one indicator is flashing a bull market signal for BTC. The pseudonymous trader known as Dave the Wave tells his 146,700 followers on the social media platform X that BTC’s weekly moving average convergence divergence (MACD) “re-crossed and re-booted near the zero-line,” a bullish signal. The MACD is a momentum indicator that traders use to watch possible trend reversals. Dave the Wave also notes that the monthly MACD has consistently flashed bull market signals for Bitcoin over multi-year patterns. The analyst also suggested Bitcoin’s previous resistance around…
Strong altcoins look poised for a move up, according to a top crypto analyst. The pseudonymous crypto trader known as Pentoshi tells his 809,600 followers on the social media platform X that the digital asset market is currently in an important spot for altcoins. “I personally like the structure or basing taking place. It looks constructive for another move higher. There’s certainly a lot of upside *IF* this can be flipped from resistance to support. I’ve been very bullish on BTC, and this is a type of spot where MANY not ALL alts can get stuck on BTC/USD pivots and…