MARKET PREDICTIONS | Goblin Crypto

Investment Executive Predicts Bitcoin Drop to $13,000: ‘We Would Still be Selling’ in ‘This Environment’

06/22/2022 5:00 am 06/22/2022 10:00 am

Absolute Strategy Research co-founder and Chief Investment Officer Ian Harnett argued Tuesday that central banks had a role to play in pushing unemployment rates higher — and said he expected the price of bitcoin to fall to $13,000 in the process. “We never want to see a recession, but you’ve got to get inflation down,” Harnett said in a morning appearance with CNBC’s Squawk Box Europe host Steve Sedgwick. “Central banks are going to have to engineer excess …

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Giles Keating: Bitcoin Could ‘Begin’ Finding a Bottom Because Leverage Was Flushed Out

06/21/2022 5:00 pm 06/22/2022 8:48 am

Bitcoin Suisse Director Giles Keating said Monday he believed cryptocurrency was closing in on a position where it could find a “bottom.” “Look, obviously, we’ve had some difficult times in crypto markets that are still going on,” Keating said in an interview with CNBC’s Squawk Box Europe host Steve Sedgwick. “But the core systems are working well. The blockchains are functioning. It’s the company that’ve been doing DeFi lending — obviously, the problems with the stablecoin Terra. But …

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How Low is the Price of Ethereum Going? $265 is One Option

06/18/2022 6:00 pm 06/22/2022 7:00 am

Ethereum’s price could bottom around $265 if its decline parallels the last market cycle, a market prognosticator pointed out on Saturday. “In its previous bear market ETH dropped 94 percent,” Twitter forecaster “CyclesFan” noted in an afternoon post. “If it repeats the same decline in this bear market the bear market low will be ~$265. Even if it drops less this time, on the monthly chart its next significant support is only ~$360. The earliest …

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Oft-Wrong Barry Silbert Express Confidence in Bitcoin: ‘This is a Period of Opportunity’

06/15/2022 9:00 pm 09/13/2022 10:41 pm

Digital Currency Group CEO Barry Silbert wrote on Twitter Wednesday that he viewed the cryptocurrency climate as “a period of opportunity.” “We’ve seen a number of down cycles in crypto before and while they’re never easy, this is a period of opportunity,” he wrote in the afternoon missive. “I’m encouraged by the close collaboration we’re seeing this week and believe the industry will emerge stronger than ever.” Silbert, whose company manages the Grayscale Bitcoin Investment …

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Willy Woo Predicts Bitcoin Collapse to $15,400: ‘More Room to the Downside’

06/14/2022 5:00 pm 06/17/2022 11:46 pm

Blockchain analyst Willy Woo said Tuesday that bitcoin could still fall below the $20,800 level it set Monday evening, to the tune of at least 25 percent. He said the assessment was based on the Cumulative Value Days Destroyed (CVDD) metric he invented in 2018. “It tracks the age of coins moving to new buyers, the idea being when very old coins move to new buyers it raises the perceived floor value. ” Woo said, …

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