Altcoin News by Thebittimes.Com

Cardano (ADA) price is near $0.37, a key support area for the coin as altcoins decline.  An analyst says the 4-hour chart shows a potential buy signal for ADA. A rebound for Cardano could also be helped by a flip in on-chain metrics. As cryptocurrencies pulled back on Monday, Cardano ( ADA ) saw its price drop below $0.38 again, pushing the altcoin to a support level seen as price s rose last week. But is ADA poised for a rebound? A crypto analyst shared the forecast below on X. Analyst points to ADA buy signal While the overall declines across the market might see sellers attempt at extending their grip, a crypto analyst says a potential buy signal for ADA is formed on the 4-hour chart. What technical indicators support the analyst’s take? Here’s the prediction. “ Look how the 100-EMA on the 4-hour chart has acted as a rebound zone for $ ADA while the $0.396 level acts as a stiff resistance ,” Ali noted in a post on X. ...

As the cryptocurrency market anticipates a potential bull market, investors may consider accumulating Bitcoin (BTC) in preparation for it. A eminent analyst in the cryptocurrency industry suggests that the window for Bitcoin investors to increase their holdings below the $40,000 mark is closing. In a recent post on X, the creator of the stock-to-flow BTC price models – PlanB, suggested that the current price levels may not persist for an extended period. “Sorry, I am not in th ‘Picking Up Pennies In Front Of A Steamroller’ game. I expect $100k-$1m bitcoin average in 2024-2028 halving cycle, so at least 3x from here ”, wrote PlanB in the comments of his post.  “ Enjoy sub-$40k Bitcoin … while it lasts “ Stocks This healthcare stock could skyrocket anytime Cryptocurrency Former NYSE president reveals when 'money will flood' into crypto Stocks ChatGPT predicts Intel stock price for start ...

Bitcoin’s (BTC) price recently surged following fake news about a BTC ETF approval , according to one analyst this is an event with unexpectedly far-reaching consequences . In his video on Oct. 18th, popular crypto YouTuber Crypto Banter provided an in-depth analysis of how this fake news impacted the crypto market and what lessons can be learned. The fake tweet, which was posted and quickly deleted by crypto publication Cointelegraph, led to a spike in Bitcoin buying and liquidated many short positions. While the publication blamed the tweet on an intern posting unverified information, the host believes it was likely a coordinated effort at market manipulation. You might also like: What’s happening with Bitcoin ETFs, and will the SEC approve them? However, the host argues the fake news may have actually benefited Bitcoin in some ways. First, it showed that a real SEC approval of a Bitcoin ETF is not yet priced into the market. When legitimate approval happens, ...

As one analyst lowered his price target for Coinbase by nearly 30%, another described recent sell-offs of the crypto exchange’s shares as “overdone.” Mark Palmer, an analyst at Berenberg Capital Markets, decreased his price target for Coinbase stock from $55 to $39.   The stock’s price stood at roughly $54 on Thursday at 10:30 am ET, up about 1.5% on the day. The crypto exchange’s shares are down about 17% in the last five days, dropping below $47 on Tuesday after the SEC sued Coinbase for alleged securities violations.  “The reduction in our price target reflects our view that COIN, which we had expected to report weak [second quarter] trading volumes before the SEC filed a lawsuit against it on Tuesday, could see that weakness persist and intensify due to the overhang that the lawsuit has created,” Palmer said. He added: “The upshot is that we view COIN shares as uninvestable in the near term.” The company’s trading volumes during this year’s first quarter were $145 billion...