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Cryptoforecast

BTC going to $70K soon? The price of Bitcoin dropped 3 percent to $64,258 over the past 24 hours, Trading View’s Bitcoin chart shows. The cryptocurrency trend was negative over the past 24 hours after the Federal Reserve hinted at a potential a rate cut in September. The US central bank kept its benchmark rate unchanged at a 23-year high. This means that less risky assets such as bonds generate relatively high returns. “Commentary has been leaning positive toward Bitcoin this week. In fact, this is the highest level of bullish commentary from the crypto crowd since the week of May 15th. The level of optimism from the crowd indicates that many believe $70K BTC is imminent,” the crypto research firm Santiment said. “As crypto investors, we spend a lot of time focused on downside risk. We’re all acutely aware that, at any moment, an event might occur that will drive prices sharply lower. It’s fairly common for people to say that bitcoin ‘could go to zero.’ I think we have to accept that there is now an equal risk to the upside,” Bitwise’s CIO, Matt Hougan, writes in his weekly note following the world’s largest Bitcoin conference held in Nashville last weekend. “If the 2024 Bitcoin Conference conveyed anything, it was this: It’s time to rethink what’s possible for Bitcoin,” he concludes. A strong sun will shine over Bitcoin in the next 24 hours, indicating a bullish trend with buy signals. 🌞  Follow us for more crypto news and weather reports!
BITSTAMP:BTCUSDLong
by ATTMO
ETH to drop in the next 24 hours - bearish trend Following initial inflows on their first day of trading on Tuesday, the nine spot Ether exchange-traded funds (ETFs) have experienced outflows totaling $179 million over the subsequent two days. The outflows are driven by more than $1.1 billion exiting Grayscale's incumbent Ethereum Trust, AMEX:ETHE , which was converted into an ETF on Tuesday. Its fee is over 10 times higher than that of the asset manager’s mini Ether ETF, CRYPTOCAP:ETH , which has seen inflows of $119 million over the past three days. BlackRock’s ETF, NASDAQ:ETHA , leads the inflow ranking with $355 million in inflows over the past three days. The price of Ether added 2 percent to $3,240 over the past 24 hours. Drizzle will linger over Ether in the next 24 hours, signaling slightly bearish market conditions, but, over a one-week horizon, Ether will see timid sun, which indicates a mildly bullish market. Follow us for more crypto news and weather reports!
COINBASE:ETHUSDShort
by ATTMO
BTC upside potential for the next 24 hours The Bitcoin Conference 2024, the largest world’s Bitcoin conference, kicks off in Nashville later today. Republican presidential candidate Donald Trump will be its keynote speaker on Saturday. There are rumors that he will announce that Bitcoin will be transformed into a strategic reserve asset. Meanwhile, the organizer of the conference, Bitcoin Magazine, denied rumors that the Democrat presidential candidate Kamala Harris would be speaking. “No surprise. What can she say to us when she’s actively imprisoning developers, forcing our industry overseas, attacking PoW… it would have been a disaster for her,” the CEO of Bitcoin Magazine David Bailey said. “I gotta be honest, feels like Kamala should commute Ross Ulbricht’s sentence before addressing the Bitcoin community. That’s the tables stakes. Both Trump and RFK have promised to do that day 1,” Bailey said. Ulbricht was sentenced to life in prison without the possibility of parole under the Obama administration in 2015 for creating and operating the darknet market website Silk Road. This website sold drugs and other illegal goods. “All eyes on Trump now. Choice is simple really, Trump Pump or Biden Dump?,” Bailey added. Bitcoin may reach $100,000 “very soon” on expectations that the Republicans will win the US presidential elections in November, the CEO of CSOP Asset Management Ding Chen told Bloomberg earlier this week. The price of Bitcoin fell 2.5 percent to $64,190 over the past 24 hours, Trading View’s Bitcoin chart shows, while ATTMO forecasts strong sun for Bitcoin for the next 24 hours, indicating upside potential and a bullish trend. Follow us for more crypto news and weather reports!
Long
by ATTMO
BTC 24-hour upside potential; downside over the 7-day horizonBitcoin reached a five-week high over the weekend supported by hopes of a Republican victory in November. These were slightly dashed on Sunday when the Democratic presidential candidate Joe Biden dropped out of the race, increasing the chances of a Democratic victory. A Republican victory is seen as much more favorable for the cryptosphere. The SEC has extended its deadline for comments on the potential listing and trading of options on trusts or ETFs holding Bitcoin to between Sept 21 and Nov 20, the US regulator said. The price of Bitcoin dropped 1.4 percent to $66,838 over the past 24 hours, Trading View’s Bitcoin chart shows. ATTMO forecasts a sunny day ahead for Bitcoin, indicating a potential upside, yet, drizzle within 3 days, extending to the next week, which could announce a bearish trend and downside for the biggest crypto. Follow us for more crypto news and weather reports!
BITSTAMP:BTCUSD
by ATTMO
ETH - bullish 24-hour upside expected!Listing of 8 spot ETH ETFs is expected on July 23! The deadline for returning the final S-1 registration forms for the eight-spot Ether ETF has been set for July 17 by the Securities and Exchange Commission (SEC). “SEC finally gotten back to issuers today, asking them to return FINAL S-1s on Wed (incl fees) and then request effectiveness on Monday after close for a TUESDAY 7/23 LAUNCH,” conditional on no last-minute hurdles, Bloomberg’s ETF analyst Eric Balchunas, said. Meanwhile, Reuters reports that Blackrock, Franklin Templeton and VanEck have obtained “preliminary approval” for their spot Ether ETFs. Such ETFs hold an equivalent amount of the underlying asset, contrarily to future ETFs that track futures contracts of the underlying asset rather than the asset itself. The price of Ether rose 2.3 percent to $3,437 over the past 24 hours. ATTMO predicts strong sun for Ether in the next 24 hours, signaling bullish trend and upside potential over this time horizon. Follow us for more crypto news and weather reports!
COINBASE:ETHUSDLong
by ATTMO
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BTC about to drop down, again!Cryptocurrencies rallied over the weekend following the assassination attempt on the Republican presidential candidate Donald Trump. Experts expect the botched attempt to increase the odds of a Republican victory. “As we near elections this fall, the cryptocurrency community has generally shown bullish responses toward pro-Trump news, due to his recent pro-crypto comments. It goes without saying that surviving an assassination attempt is perceived as pro-Trump news. Therefore, bullish responses have occurred,” the crypto intelligence firm Santiment said. The price of Bitcoin rose 4.4 percent to $62,610 over the past 24 hours, after having dropped 5.5 percent over the past month, Trading View’s Bitcoin chart shows. Another factor that dragged down the price of Bitcoin over the past weeks, but now is gone, is the massive sale of the Bitcoins seized by the German government. On Saturday, the government had sold off its entire balance of 49,860 Bitcoin, valued at $2.9 billion, according to Arkham Intelligence data. This relief might be temporary. “The impending Mt. Gox liquidation could significantly impact the market between August and October. Up to $6 billion of the $9 billion could be sold, potentially influencing market dynamics This potential influx of sales could create challenging conditions for Bitcoin traders in the coming weeks…,” 10xResearch writes in its daily note. A timid sun will shine over Bitcoin in the next hour or so signaling slightly bullish market conditions and possible buy opportunities. However, drizzle lingers over Ether, Binance Coin and Ripple’s XRP translating into bearish market conditions and potential sell opportunities. Over a 1-day and 1-week time horizon, this drizzle will sweep over Bitcoin, while Ether should profit from a timid sun shining through the clouds. Follow us for more crypto news and weather reports!
BITSTAMP:BTCUSD
by ATTMO
XRP Bullish Symmetrical Pattern Breakout: Potential Gains Ahead!XRP Ledger's native digital currency, XRP, operates on an open-source, permissionless, and distributed ledger that settles transactions in 3-5 seconds. It can be sent directly without needing an intermediary, making it a convenient instrument to bridge two currencies quickly and efficiently. Currently, there is significant potential seen in XRP, as it is forming a bullish symmetrical pattern over a long time frame. This pattern emerged after the downtrend starting on December 25, 2017, which lasted until 2020. During the 2021 bull run, price movements were within this pattern. It is expected that in the 2025 bull run, XRP will break this pattern’s resistance, leading to substantial gains. This pattern is likely to be completed in 2024 or 2025. XRP has a maximum circulating supply of 100 billion tokens, with approximately 55.69% of the supply currently circulating. The alt season is anticipated to begin around Q4 2024 or Q1 and Q4 2025, bringing substantial volume across the market. XRP has the potential to provide significant gains, with strong support currently at $0.4496, from where a substantial upward movement is expected. If this support level breaks, the next strong supports are at approximately $0.2474 and $0.22, where a bounce is likely. As the alt season is approaching, we expect market volume to start increasing post-October 2024, leading to noticeable market momentum. It is crucial to exit the market around Q1 or Q4 2025, as the bull run and alt season are expected to end around this time, with prices potentially near these resistance levels. Calculations indicate that XRP's bull run targets could reach a minimum of $11.56. If XRP flips the $11.56 resistance by Q1 2025, we might see maximum targets around $14.02. Prices tend to pump unexpectedly during alt seasons, and similar volatility can be expected again. However, it is important to keep trades active while observing resistance zones and to exit long positions around Q1 or Q4 2025. For more analysis like this, follow us on TradingView to stay updated with our latest ideas. Share your thoughts in the comments, and let us know if you would like an analysis of any specific coin or project. We are here to provide you with detailed insights to help you make informed trading decisions.
CRYPTO:XRPUSDLong
by Houseofcryptokings
Bitcoin - upside potential in the next 24 hours The cryptocurrency trend was negative over the past 24 hours, as seized Bitcoins continue to be offloaded to crypto exchanges. Yesterday, the German government offloaded an additional 832.7 seized Bitcoins to centralized crypto exchanges such as Kraken and Bitstamp, Lookonchain reports. On Monday, it transferred 1,500 Bitcoins. The German government still holds a total of 43,859 Bitcoins worth $2.7 billion at today’s price. The price of Bitcoin dropped 2.8 percent to $61,146 over the past 24 hours, Trading View’s Bitcoin chart shows. It now trades 17 percent below its all-time high of $73,628. Standard Chartered foresees its price hitting an all-time high next month and trading around $100,000 by November when the US presidential elections are held, $150,000 by year-end and $200,000 by the end of 2025, the Block reports. ATTMO forecasts mostly sunny trading conditions for Bitcoin, translating into a slightly bullish market, for the next 24 hours. Check attmo.ai to get insights into the 3-day and 7-day forecast for Bitcoin and the rest of the market.
BITSTAMP:BTCUSDLong
by ATTMO
Solana forecast: mostly sunny with upside potential According to ATTMO, Solana is expected to encounter mostly sunny 🌤️ trading conditions in the next 24 hours, indicating slightly bullish potential. Solana is already up 1.8 percent compared to yesterday and is currently trading at around $140. ATTMO predicts rainy 🌧️ trading conditions for Solana in three days, but a recovery and more upside potential ☀️ in seven days. Follow us for more crypto news and weather reports!
COINBASE:SOLUSDLong
by ATTMO
BTC rebound imminentMixed trading signals are anticipated for the next 24 hours in the crypto market. Bitcoin is experiencing tropical conditions, pointing to strong buy signals and a rebound from these levels. Bitcoin fell below $66,000 on Monday morning, extending last week's decline due to new U.S. economic data. After nearing all-time highs above $71,000 earlier this month, Bitcoin and the broader crypto market have cooled, with Bitcoin briefly dipping below $65,000 over the weekend. Follow us for more crypto weather reports!
BITSTAMP:BTCUSDLong
by ATTMO
BTC to break its ATH On June 12? The price of Bitcoin dropped 1.1 percent to $67,828 over the past 24 hours. Its price is now 8 percent below the all-time high reached in March, Trading View’s Bitcoin chart shows. Bitcoin is likely to break its all-time high if the upcoming May US inflation figures come in below April’s 3.4 percent, 10xResearch forecasts. “As the next CPI data release is scheduled for June 12, we expect that Bitcoin ETF inflows will likely remain strong(er) for the next two weeks. This should help lift Bitcoin to new all-time highs,” according to the crypto research firm’s daily note. Investors will have another inflation-related figure to trade on Friday, when the US personal consumption expenditures (PCE) index for May is released. The PCE index is expected to remain unchanged at 2.8 percent compared to April. According to ATTMO, both Bitcoin and Ether will profit from a bullish sun, indicating upside potential in the next 24 hours and the week ahead. Follow us for more crypto news and weather reports!
BITSTAMP:BTCUSDLong
by ATTMO