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Showing posts with the label market outlook

Banking giant makes super bold gold and Bitcoin 2030 prediction

Deutsche Bank has issued a bullish forecast, predicting that both Bitcoin (BTC) and gold will likely appear on central bank balance sheets by 2030 as reserve assets. In a new report titled “Gold’s reign, Bitcoin’s rise” , the bank argued that Bitcoin’s declining volatility and rising legitimacy are increasingly making it resemble gold, positioning it as a modern hedge against inflation and geopolitical risk. The bank noted that both assets are benefiting from a global trend of central banks diversifying away from the weakening U.S. dollar. This dynamic has pushed Bitcoin to a new record high above $125,000, while gold has rallied nearly 40% year-to-date, approaching the $4,000 mark. According to Deutsche Bank analysts Marion Laboure and Camilla Siazon, Bitcoin’s trajectory mirrors gold’s historical role.  Just as gold transitioned from being viewed with skepticism to becoming a cornerstone of financial security, Bitcoin is following a similar path. Its fixe...

Trader Spots Bitcoin Flashing Signal That Precedes Bear Markets, Updates Outlook on One Ethereum Competitor

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Cryptocurrency analyst and trader Ali Martinez says that one indicator is signaling a bearish outlook for Bitcoin (BTC). Martinez tells his 153,900 followers on X that the Chande Momentum Oscillator (CMO), an indicator used in technical Analysis to measure the strength of a trend, dipped last month to a level that is typically associated with a bear market. “Bitcoin CMO above 20 has signaled bull markets, and below 20 has marked bear markets. August’s close just pushed it back below 20.” Source: Ali Martinez/X Bitcoin is trading at $110,911 at time of writing. The analyst further says that the market value to realized value (MVRV) pricing bands of Bitcoin, which are used to identify potential resistance and support levels, are signaling that the crypto king could drop drastically if it fails to climb above a key price area. “MVRV Pricing Bands show that as long as Bitcoin BTC stays below $114,250, key support sits at $92,600.” Source:...

Analyst Says Solana Offering Final Chance Before Exploding to New All-Time High, Maps Path Forward for Four Other Ethereum Rivals

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Cryptocurrency trader and analyst Ali Martinez believes that Solana (SOL) may be on the verge of an explosive breakout to a new all-time high. Martinez tells his 146,400 followers on X that the top Ethereum (ETH) rival is on the brink of a strong impulse to the upside. The analyst says that SOL is forming an ascending triangle on the 12-hour time frame, a bullish formation that’s confirmed when the price breaches the upper horizontal trend line. He also uses Fibonacci extension levels to suggest SOL may increase more than 92% from its current level. Traders use the Fibonacci extension tool to identify potential entry and exit levels for an asset based on the Fibonacci ratio.  “Solana may offer a final buy-the-dip chance before targeting $360!” Source: Ali Martinez/X SOL is trading for $187 at time of writing, down 4.3% in the last 24 hours. Next up, the says that the layer-1 blockchain Avalanche (AVAX) may see a more than 56% increase from it...

Bitcoin Price Risks Market Crash After Closing Below Final Weekly Resistance

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Bitcoin Hits 97K: Schwab, Morgan Stanley Go Crypto

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The combination of Morgan Stanley crypto trading plans alongside Charles Schwab cryptocurrency services creates an upsurge and Bitcoin hits 97K while showcasing institutional crypto adoption even when multiple crypto investment risks persist. Source: CoinMarketCap Also Read: China Evaluates US Talks as 125% Tariff Clock Ticks Down Bitcoin Hits 97K As Wall Street Enters Crypto Despite Risks Source: Watcher Guru itcoin hits 97K briefly on Thursday, and at the time of writing, major Wall Street giants are moving toward offering cryptocurrency services to their clients. This price surge comes as institutional crypto adoption continues to grow, with Morgan Stanley crypto trading options and also Charles Schwab cryptocurrency services being planned for the near future. Morgan Stanley Plans Crypto Trading Source: Bitcoinist Morgan Stanley crypto trading options will soon be available to E*Trade clients, according to a recent report from Bloomberg. Bitcoin hits 97K partly due to this developme...