Analyst: Bitcoin Will Break Higher in Next Move Based on 12 Month Trends

Price predictions for Bitcoin and cryptocurrency markets have been coming thick and fast recently as the bottom appears to be extending and the bears running out of steam. Short term price action will help day traders take quick profits but most people eyeing the industry are in it for the long term. Analysts have been…

Read more »

Analyst Claims Ethereum (ETH) is Likely to See Increased Volatility as Constantinople Hard Fork Approaches

Ethereum, like most major cryptocurrencies, has seen increased levels of volatility over the past week, but has failed to make any lasting upwards moves that resulted in sustained higher highs. Analysts now expect ETH to increased levels of volatility as its Constantinople hard fork approaches later this week. Although this hard fork event is widely seen…

Read more »

Analyst: Investing in Ethereum Could Be More Profitable than Bitcoin

Investing in Ethereum at its bottom could yield more returns than investing in Bitcoin, said Don Alt. The famous cryptocurrency analyst, who has 82.7k following on Twitter, claimed that his investment paid off when he bought Ether at $121. While he didn’t specify the nature of his trade, he said his investment could return ten times…

Read more »

Analyst: Short-Term Correction Expected if Bitcoin Drops Below $3,600

Following a week of slow but steady gains Bitcoin fell off the digital cliff again yesterday with a flash crash that wiped out all progress made so far this year. Analysts are now looking at a short term correction if BTC can hold on to where it has currently fallen. Further Downside Expected on Consolidation…

Read more »

Crypto Analyst: Ethereum (ETH) Investment Thesis is "Questionable"

Although the crypto market, in general, has undoubtedly had a bad year, some digital assets have had it worse off than others. Bitcoin’s (BTC) ~83% decline from its all-time high is mere peanuts, especially when compared to the 94% loss that Ethereum (ETH) has undergone. ETH has fallen so far from its high horse that the…

Read more »

Facebook has created 'too many adversaries,' says analyst who just downgraded the stock

Stifel on Wednesday published a note saying it has lowered its rating for Facebook shares from “Buy” to “Hold.” The firm said “Facebook’s management team has created too many adversaries … to not experience long-term negative ramifications on its business.” Stifel is maintaining its target price for Facebook, but it no longer finds “the upside…

Read more »

Analyst: Crypto Mining Giant Bitmain Losing Its Edge As Demand Dwindles

Chinese tech conglomerate Bitmain has been the dominant force in crypto mining for the past year. However according to analysts at Sanford C Bernstein & Co. it may be losing its edge as rival firms enter the market and demand dwindles as markets continue to decline. In a report by the SCMP it was suggested…

Read more »

Why a Respected Analyst Believes Institutional Investors Will Not Commit to Crypto in 2018

Gabor Gurbacs, the director of digital assets at VanEck, recently said it remains uncertain whether institutional investors will commit to crypto in 2018, due to the regulatory burden on the asset class. Price Isn’t Reacting to Positive News Since early August, the cryptocurrency sector has seen some of the most positive developments in the industry’s…

Read more »