A widely followed crypto analyst says that Ethereum (ETH) layer-2 scaling solution Arbitrum (ARB) could be flashing a potentially bullish indicator. In a new thread, crypto trader Ali Martinez tells his 61,900 followers on the social media platform X that ARB’s Tom DeMark (TD) Sequential Indicator has presented a buy signal on the asset’s weekly chart. “It anticipates a one to four candlesticks rebound for ARB!” Source: Ali Martinez/X Traders use the TD Sequential Indicator to predict potential trend reversals for tokens based on the closing prices of their 13 previous bars or candles. ARB is ..read more

A widely followed crypto analyst is suggesting that altcoins could be on the rise as hopes for an Ethereum (ETH) exchange-traded fund (ETF) approval this month from the U.S. Securities and Exchanges Commission (SEC) this month dwindle. Crypto trader Michaël van de Poppe tells his 717,300 followers on the social media platform X that altcoins are waking up as Bitcoin (BTC) hovers near $61,000. “Markets did bounce from the crucial area at $61,000 and Altcoins are waking up.  It’s the final accumulation period before the big surge.” BTC is worth $60,933 at time of w ..read more

A widely followed cryptocurrency analyst and trader is turning bullish on a decentralized wireless network project. The analyst pseudonymously known as Bluntz tells his 258,700 followers on the social media platform X that key indicators suggest Helium (HNT) is about to have a massive breakout. Bluntz uses the Elliott Wave theory in his analysis, which attempts to forecast price movements based on crowd psychology that is manifested in waves. The Elliott Wave theory suggests that price impulses happen in five waves after three-wave “ABC” corrections. “Since original post we did a nice five wa ..read more

A widely followed crypto strategist believes Bitcoin (BTC) could suddenly plunge much lower. In a new post, crypto analyst Justin Bennett tells his 111,300 followers on the social media platform X that if Bitcoin fails to hold $61,000 as support the crypto king could remain in a downtrend for a while. However, he says that if Bitcoin can break through the $65,000 level on the monthly chart, the top digital asset by market cap would confirm a bullish trend. “BTC looks pretty terrible at the moment. This slow bleed is not ideal for buying. We’ve seen this before, and it usually results in a cas ..read more

Widely followed crypto analyst Benjamin Cowen is offering his outlook on when Bitcoin (BTC) could potentially bottom out as the flagship digital asset hovers around $63,000. In a new video update, Cowen tells the 801,000 subscribers of his YouTube channel that the current Bitcoin price action resembles that which followed the crypto king’s second halving event eight years ago more so than the halving in 2020. “It looks to me like it’s mimicking 2016 a lot more than the other two cycles, which kind of makes sense. I mean a lot of people who’ve been following Bitcoin for a while have been compa ..read more

A widely followed crypto trader says that Bitcoin (BTC) could skyrocket to a six-figure price tag in the fourth quarter of 2024. In a new thread, pseudonymous crypto analyst Altcoin Sherpa tells his 215,900 followers on the social media platform X that the top crypto asset by market cap’s bull cycle has yet to finish. “I still don’t think that it would be ‘over’ though and that’s it for this cycle. I think that we still are going to see BTC to six figures and some sort of mania.” According to the pseudonymous analyst, the crypto king could “giga send” to a price of $100,000 in the fourth quar ..read more

A closely followed crypto trader believes that Bitcoin (BTC) and two altcoin projects are gearing up for massive rallies. Pseudonymous analyst Inmortal tells his 213,200 followers on the social media platform X that, based on the historical duration of market cycles, Bitcoin has much higher to go. “We still have room for 500 more green days.” Source: Inmortal/X Bitcoin is trading for $61,486 at time of writing, down 2.4% in the last 24 hours. Next up, the trader says that blockchain oracle Chainlink (LINK) appears to be in a consolidation phase that could lead to a massive breakout, based on ..read more

One widely followed crypto analyst says Bitcoin (BTC) needs to hold current price levels or face a precipitous drop. Crypto trader Michaël van de Poppe tells his 717,100 followers on the social media platform X that BTC could potentially fall by $10,000 in value if current levels aren’t maintained. “Bitcoin is at the range low. This is technically the area where you’d prefer to see it hold, so the upward momentum continues, and the range holds. If this doesn’t hold, then we might expect $52,000-$55,000 as a potential low on this ..read more

Global trading and technology firm Susquehanna is making massive investments in spot Bitcoin (BTC) exchange-traded funds (ETFs). In a new filing with the U.S. Securities and Exchange Commission (SEC), the company says it bought 17,271,326 shares of Grayscale Bitcoin Trust (GBTC) in three tranches of $6.3 million, $1.05 billion and $34.77 million for a total of $1.09 billion. The GBTC investment, which is now worth $955.10 million based on the current market price of $55.30 per share, represents Susquehanna’s biggest spot Bitcoin ETF allocation. The trading firm also bought 1,349,414 shares of ..read more

The founders of crypto analytics platform Glassnode are predicting that Bitcoin (BTC) will soon soar even higher after being up 7% in the last week. In a new thread, the co-founders of Glassnode, who go by the handle Negentropic on the social media platform X, tell their 62,900 followers that key indicators suggest Bitcoin is gearing up from a massive breakout. The analysts say Bitcoin appears to be forming a bullish pennant pattern. They also suggest that Bitcoin is correcting to a Fibonacci retracement level, in the low $60,000 range, which often predicts a continuation of an upward trend ..read more