Cryptocurrency Analysis and Forecast - Investing.com (2024)

Local Top in Bitcoin Soon?By Dr. Arnout ter Schure-16 hours ago1

In our last update on Bitcoin (BTC), from almost a month ago, we found that based on our Elliott Wave Principle (EWP) count:“…BTC should now be in (grey) W-a of green W-2. …...

Bitcoin: $55K on Track as Bullish Strength Proves Resilient Amid US Dollar UptrendBy Günay Caymaz-Feb 16, 20245

Bitcoin's surge to the $52,000 range was fueled by strong demand for the spot Bitcoin ETF.This rally is currently showing resilience even as this week's CPI data exceeded expectations.Facing...

Ethereum, Solana: 2 High-Potential Bullish Breakouts to Watch in the Crypto MarketBy Günay Caymaz-Feb 15, 20242

Bitcoin's surge above $52,000 has contributed to the broader crypto market's renewed bullish momentum.Ethereum has recently gained bullish momentum, breaking out from a sideways phase and approaching...

2024 Financial Market Outlook by OctaBy Investing.com Studios

In 2024, we are in for an election year of heightened geopolitical tensions in the U.S. and worldwide. In addition, the likelihood of the Fed guiding the U.S. economy to a safe landing with interest...

Bitcoin Uptrend Unfazed By Hot Inflation Data: $60K Could Be NextBy Damian Nowiszewski-Feb 14, 20242

Bitcoin has recently surged above $50,000.Meanwhile, yesterday's inflation report came in above expectations.If the crypto can stay above $50K, the next psychological barrier is at $60K.In 2024,...

Can 2024 Be a Landmark Year for Bitcoin?By Timothy Fries -Feb 12, 20243

In 2024, Bitcoin (BTC) seems to be on the cusp of significant change, with the upcoming halving event expected to bolster its fundamentals and reduce selling pressure. This pivotal moment, combined...

Bitcoin Crosses $47,000 as Year of the Dragon StartsBy Timothy Fries -Feb 09, 20241

The stars seem to be aligning for Bitcoin in 2024 - the upcoming Chinese "Year of the Dragon" is predicted to fuel major gains.After a turbulent year of price volatility in 2023, Bitcoin (BTC) has...

Bitcoin: Initial Recovery Following the Bear Market Coming to An End By Florian Grummes-Feb 08, 20241

While the Bitcoin Spot-ETF approval had marked a short-term top, prices pulled back sharply as expected. However, four weeks since the approval and BlackRock’s spot Bitcoin ETF has overtaken...

Bitcoin: Correction Could Be Nearing End as New ETFs See Massive Fund InflowsBy Damian Nowiszewski-Feb 07, 20244

The Bitcoin correction has slowed down in the $38K region.Meanwhile, the new ETFs have seen a massive inflow of funds.Will the potential postponement of interest rate cuts to the second half of the...

Is Ethereum Currently in a Corrective Phase? Where to Next?By Dr. Arnout ter Schure-Feb 02, 20243

Ethereum (ETHUSD) topped on January 12 at $2717, a day after Bitcoin topped on the approval of spot Bitcoin exchange-traded funds (BTC-ETFs). A classic “buy the rumor, sell the news” event? Since...

Why Bitcoin Is Set to Go Higher Despite Economic Policy UncertaintyBy Ulrik Lykke-Feb 01, 20243

The U.S. Federal Reserve maintained interest rates between 5.25% and 5.5% yesterday, aligning with the widespread market predictions.During his speech, Fed Chair, Jerome Powell, also managed to...

3 Cryptos Poised to Break Out of Consolidation: Ethereum, Binance Coin, RippleBy Günay Caymaz-Feb 01, 20244

Cryptocurrency markets are facing renewed selling pressure as a whole in February, thanks to the Fed's comments.However, some cryptos have been in a sideways trend and could be bracing for a...

Bitcoin Bulls Hopeful Ahead of Potential Trend Reversal: Key Levels to WatchBy Günay Caymaz-Jan 26, 20246

This week, Bitcoin's technicals have signaled a potential shift in its recent downtrend.The crypto found support around $39,500, raising hopes that the correction is ending.Potential trend reversal...

Bitcoin – Despite Post-ETF Drop, Fundamentals Remain PromisingBy Ulrik Lykke-Jan 25, 20247

The three major stock indexes in the U.S. – the S&P 500, Nasdaq, and the Dow Jones Industrial Average – have all notched new all-time highs this week.This rally is happening despite growing pessimism...

Bitcoin: Extends Losses to More Than 20% After Spot ETF Approvals By Craig Erlam-Jan 24, 2024

Bitcoin falls below $40,000Is the Bitcoin halving priced in?50 Fib the next testBitcoin is trading around 2% lower on Tuesday, adding to losses at the start of the week and taking the price below...

Where Will Bitcoin Bottom?By Dr. Arnout ter Schure-Jan 23, 202414

In our last update on Bitcoin, where we presented a forecast for 2024, we found that based on historical evidence,“BTC moved late November/early December from the Early-Bull phase into its Mid-Bull...