Bank of America analyst slams Bitcoin: Buying 1 BTC is ‘like owning 60 cars’

Posts Tagged Analyst

Bank of America analyst slams Bitcoin: Buying 1 BTC is ‘like owning 60 cars’

By support on Thursday, March 18th, 2021 | No Comments

It looks like 2017 called and wants its Bitcoin condemnation back, with a Bank of America analyst reheating some long standing criticisms of BTC for its clients. Cointelegraph.com News

Alt Season 2.0: Analyst Claims It’s “Showtime” For Ethereum

By support on Tuesday, March 2nd, 2021 | No Comments

Ethereum has had an incredible year thus far, breaking its former all-time high on its USD pair and soaring well above it. However, on its Bitcoin trading pair, the altcoin has struggled to get anywhere near its former highs. According to one crypto trader, that all is about to change, and it is finally “showtime” […]

Analyst Explains Why Ethereum (ETH) Could Hit $5,000 in 2021

By support on Thursday, February 18th, 2021 | No Comments

Ethereum, the world’s second-largest cryptocurrency by market capitalization, established a new record high on Thursday. The ETH/USD exchange rate reached $ 1,927 ahead of the London opening bell after surging 4.12 percent. Later, the pair gave up a small portion of its gain to profit-takers. It was trading at $ 1,896 as of 1224 UTC, […]

Analyst says Bitcoin price sell-off may occur as Chinese New Year approaches

By support on Friday, January 29th, 2021 | No Comments

Bitcoin is struggling to retake the $ 35,000 level as one analyst predicts miners will continue selling BTC ahead of the Chinese New Year holiday. Cointelegraph.com News

Bitcoin Price Analyst Says This Can Prevent a Big BTC Drop in Q3 2020

By support on Sunday, July 5th, 2020 | No Comments

The price of Bitcoin dropped below $ 9,000 for the second time in one week but the uptrend of BTC can be sustained despite a historically bearish Q3. Cointelegraph.com News

Ethereum Could Be the Defining Factor That Guides Other Altcoins, Claims Analyst

By support on Wednesday, December 11th, 2019 | No Comments

Ethereum has had a turbulent week, with much of its recent price action favoring sellers as the crypto has faced a steady stream of downwards pressure in the time following ETH’s recent visit to over $ 150 earlier this past week. Although all eyes are closely watching Bitcoin’s near-term price action, it is important to […]

Analyst: Bearish Bias Makes no Sense, Bitcoin Price Looks Strong

By support on Sunday, November 3rd, 2019 | No Comments

Late last month, Bitcoin (BTC) suddenly exploded higher. In under 24 hours, the leading cryptocurrency shot from $ 7,300 to $ 10,600 in a now-historic pump that caught countless traders slacking. This move was decisively bullish, as it was, after all, the fourth-largest daily move in Bitcoin’s history, and the largest daily move in over […]

Grayscale’s Bitcoin Premium Suggest BTC Still Overvalued at $10,400: Analyst

By support on Sunday, August 18th, 2019 | No Comments

While Bitcoin (BTC) is still not decidedly in an uptrend, it is doing a lot better than it was a bit earlier this week, when the cryptocurrency cratered to $ 9,500 in a massive -8% day. One model, however, suggests that the pain isn’t over for the cryptocurrency market just yet. Hold on to your hats! […]

Prominent Analyst Claims That It’s “Do or Die Time” for Ripple (XRP)

By support on Saturday, April 27th, 2019 | No Comments

Ripple’s lackluster price action over the past several months has left many XRP investors with a feeling of disappointment as it remains stagnant while Bitcoin and other large cryptocurrencies incur large gains that have put a significant amount of distance between their current prices and their recent lows. Now, one prominent crypto analyst is claiming […]

World’s Largest Bitcoin Market Japan has “Loose” Regulations, Doesn’t Bode Well: Analyst

By support on Tuesday, November 28th, 2017 | No Comments

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Posts Tagged Analyst