Author: The Daily Hodl
A top analyst who accurately called the end of the 2022 crypto bull market thinks Ethereum (ETH) is poised to rally in both its Bitcoin (ETH/BTC) and US dollar pairs. Pseudonymous analyst Pentoshi tells his 826,200 followers on the social media platform X that ETH/BTC looks good after respecting its support at 0.30 BTC. According to the crypto strategist, ETH/BTC may bounce to as high as 0.4597 BTC. “Very promising start. Let’s see if we can get to the target.” At time of writing, ETH/BTC is trading for 0.0373 BTC worth $3,563. As for Ethereum against the dollar, Pentoshi thinks…
A widely followed cryptocurrency trader and analyst is turning bullish on a competitor to Dogecoin (DOGE) and Shiba Inu (SHIB) while offering his forecast for Bitcoin (BTC) and the decentralized finance (DeFi) altcoin Jupiter (JUP). The trader pseudonymously known as Bluntz tells his 300,000 followers on the social media platform X that the meme token Pepe (PEPE) is on the cusp of a breakout after a correction of around 30% from the all-time high reached earlier this month. Based on the pseudonymous analyst’s chart, it appears that Bluntz sees PEPE going up by around 60% from the current level to…
An analyst who nailed Bitcoin’s pre-halving correction this year says BTC may have entered a market cycle phase where steep rallies are in sight. The analyst pseudonymously known as Rekt Capital tells his 100,000 YouTube subscribers that the act of Bitcoin breaking above the resistance zone that formed around the 2021 cycle high of just below the $70,000 price is “essentially the very first signal to kickstarting the parabolic phase.” “We see the analogous level like this across cycles. In 2020 and 2021 this was the level: $19,000, roughly speaking $20,000. That was the old all-time high resistance. Here in…
Analyst and trader Kevin Svenson is leaning bullish on Bitcoin (BTC) days after the flagship crypto asset retraced by nearly 10%. Svenson tells his 80,700 YouTube subscribers that if Bitcoin stays above an ascending trendline that has lasted more than two weeks on the daily time frame, the crypto king could target a six-figure price next. “There’s a lot of demand for Bitcoin and if we hold this level [ascending trendline], I think that means we might just kind of settle up going into Thanksgiving. Maybe one more test down after Thanksgiving, maybe not. But ultimately we’re looking for the…
New data from crypto security firm ImmuneFi reveals that hackers and fraudsters stole tens of millions of dollars with the blockchain of Binance being their top target. In a new thread on the social media platform X, ImmuneFi says that the crypto markets have seen an overall decrease in fraudulent activity compared to a year ago, suggesting that crypto is getting safer overall. “Is crypto getting safer? The ecosystem has lost $1.48 billion to hackers and rug pullers YTD (year-to-date) – a 15% decrease compared to $1.7 billion during the same period last year. The decrease is also noticeable on…
The founder of the Cardano (ADA) blockchain Charles Hoskinson is leaning bullish on Bitcoin (BTC). Hoskinson says Bitcoin could skyrocket by up to 436% from the current level within two years. According to the Cardano founder, Bitcoin’s surge will be fueled by growing demand. “It is my belief that Bitcoin is going to go to $250,000 to $500,000 within the next 12 to 24 months because of the investment inflows and the great interest that has been achieved. This will translate to an ecosystem whose value is starting to approach that of gold, an asset humans have used as a…
New data from market analytics firm IntoTheBlock reveals that over 90% of Ethereum (ETH) holders are now in the green. In a new thread on the social media platform, the crypto intelligence platform says the second-largest digital asset by market cap is unlikely to feel sell pressure from those seeing losses since they hold under 3% of the crypto asset’s total supply. “90.8% of ETH holders are now in profit, the highest since June. Interestingly, the 9.2% of holders still at a loss hold just 2.8% of the total supply. This suggests that potential sell pressure from this group may…
Embattled crypto lending platform Celsius is announcing a plan to distribute hundreds of millions of dollars worth of Bitcoin (BTC) and cash to its creditors. In a new thread on the social media platform X, crypto firm Celsius Network – which filed for Chapter 11 bankruptcy earlier this year – says it will hand out $127 million to eligible creditors, marking its second distribution. “Celsius will soon begin a second distribution of $127 million made available from the Litigation Recovery Account to eligible creditors (Classes 2, 5, 7, 8, and 9). Distributions will be made in BTC or USD, based…
TRON (TRX) blockchain founder Justin Sun is now an advisor to World Liberty Financial (WLFI), the decentralized finance (DeFi) crypto project backed by US President-elect Donald Trump. In a post on social media platform X, WLFI says Sun’s qualifications will enable him to make significant contributions to the development of the platform. “Justin is the founder of TRONDAO, an advisor to HTX_Global, and a supporter of BitTorrent. A graduate of the University of Pennsylvania, he recently won Sotheby’s auction for the iconic banana artwork. TRON is among the world’s top 10 cryptocurrencies and one of the largest public blockchains. Justin’s…
A closely followed crypto analyst says he believes Bitcoin (BTC) may be on the verge of a Thanksgiving breakout. In a new thread on the social media platform X, crypto strategist Ali Martinez tells his 91,000 followers that Bitcoin may surge by nearly 4% during the holiday. He believes that Bitcoin holders will convince family members at holiday gatherings to buy the flagship digital asset, sending its price higher. The trader also says that Bitcoin may be flashing a bullish signal on its daily chart. “Tonight, coiners are going to tell their families about Bitcoin, triggering some sort of Thanksgiving…