Bitcoin Price Forecast: Analyst predicts an explosive Q4 based on on-chain metrics
Over the last seven days, Bitcoin jumped up from $10,600 to $11,500 as the premier cryptocurrency looks to trade above $12,000. However, BTC may be on the verge of a truly historic Q4. Analyst Chris Russi explained why BTC is on the verge of exploding in a series of tweets.
LookIntoBItcoin's 1Y+ HODL Wave chart allows you to look at the percentage of circulating supply that has not moved in over a year. As per the chart, 63% of all coins have not moved for over a year.
Ethereum Price Analysis: Whales prepare for ETH 2.0 network upgrade, bulls eye $800
The much anticipated Ethereum 2.0 upgrade has faced several challenges and delays, but it looks like they are finally on track. As previously reported, the smart contract giants previously launched a testnet named “Spadina,” which was supposed to be a “dress rehearsal” for ETH 2.0. However, it had a host of issues with its configurations, which prompted the need for a new testnet.
Zinken, a new shortened testnet, was launched on Monday, October 12, to allow the community validators to iron out issues and give them a chance to test out the genesis process before the mainnet launch.
Chainlink Price Prediction: LINK recovery hits pause amid hovering reversal to $10
Chainlink has printed a remarkable recovery over the last seven days. Bulls regained control of the price after LINK embraced support marginally above $7. However, they struggled at $9 before a breakout from a descending parallel channel came into the picture. At the time of writing, LINK/USD is trading at $11.2 after a shallow retreat from highs close to $12.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended Content
Editors’ Picks
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC declines as resistance emerges near all-time high
Bitcoin and Ethereum are approaching their key support levels, and a sustained close below these marks could lead to further declines.
TON set to launch synthetic Bitcoin to boost its DeFi solutions
TON revealed its plan on Thursday to launch a synthetic Bitcoin token on its blockchain, allowing users to trade, stake, and earn yield using BTC. Following the announcement, TON is down over 3%.
Maker Price Forecast: MKR could stage 40% rally
MakerDAO is up 2% on Thursday and could be set for a 40% rise in the coming weeks if it successfully maintains an extended move above the descending trendline of a falling wedge. On-chain data also supports the bullish outlook after a four-month-long decline.
USDT market cap crosses $120 billion as stablecoins continue their uptrend
The stablecoin market cap continued its uptrend in October, characterized by USDT reaching a $120 billion market cap, according to a CCData report on Thursday. This indicates that investors are preparing liquidity to fuel more demand.
Bitcoin: New all-time high at $78,900 looks feasible
Bitcoin price declines over 2% this week, but the bounce from a key technical level on the weekly chart signals chances of hitting a new all-time high in the short term. US spot Bitcoin ETFs posted $596 million in inflows until Thursday despite the increased profit-taking activity.
Best Forex Brokers with Low Spreads
VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.