The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
The Daily Hodl
No Result
View All Result

Parabolic Bitcoin (BTC) Rally ‘Just Getting Started’, Says Crypto Market Analyst

by Daily Hodl Staff
May 17, 2019
in Trading

[the_ad id=”36860″]

EToro’s senior market analyst says Bitcoin’s recent reversal is just a blip in a renewed long-term parabolic BTC rally.

Mati Greenspan told Bloomberg he believes the next parabolic cycle is just beginning.

“We’re just actually part of a larger cycle. Bitcoin has gone through several cycles before, these massive bull runs. We’re talking about sometimes 10,000% or 50,000% gains within a short period of time. And then it has these massive retracements that can be 80% or even 90%.

And that’s just what we had coming off of $20,000 per coin all the way down to just above $3,000 per coin. That was about an 85% retracement. And the speculation in the market at the moment is we are just getting started on that next parabolic cycle.”

[the_ad id=”36860″]

According to Greenspan, the increasing adoption of blockchain and leading crypto assets will fuel another long-term bull run.

“Bitcoin is the best performing asset class. Crypto is the best performing asset class in the world so far this year. Bitcoin itself has risen, even with yesterday’s drop, 100% since January 1st…

I would say the news headlines that we’ve been seeing are headlines that indicate mass adoption is just around the corner. So for example, Microsoft just announced that they actually want to use the Bitcoin blockchain in order to increase online security. We’ve seen HTC announce that they’re going to produce a phone that you can carry a copy of the Bitcoin blockchain, a full node, right in your pocket.

We’ve seen an announcement from Flexa, which is a payment provider which goes to Whole Foods and thousands of other retailers across the United States that is going to allow people to pay at the cashier with cryptocurrency without the cashier even knowing. It’s going to be a seamless integration.

[the_ad id=”36860″]

So there’s a lot of really, really good news right now. And as well, volumes in the crypto industry right now are at their highest levels ever by far. We saw the CME Group’s futures contracts going above a billion dollars in a single day. Across the top crypto exchanges, they’re all reporting highest ever volumes ever at the moment.”

Analyst Jacob Canfield says he’s also bullish on BTC in the long run, and calls $6,400 an ideal buy zone for BTC.

$6400 ideal buy zone on 20MA daily for $BTC.

I'd ladder my buys in case you don't get it

Can split it up into 25% allocations every $200 or buy a consolidation pattern

Of course you can short if you want to just hedge your portfolio as well like I outlined in my previous tweet pic.twitter.com/aypmDKzGiO

— Jacob Canfield (@JacobCanfield) May 17, 2019

In the short term, an analyst known in the industry as The Crypto Dog told his 133,000 followers it looks like Bitcoin is not poised to rebound in the near future, while analyst Nicholas Merten says he’s targeting $5,000 as the next Bitcoin bottom.

Everything looking slumpy, no buy back still, no strong bounce, getting way too many opportunities to buy the lows.

Thought we'd see something by now, getting same vibes as we did at 78XX.

I pulled out. If it pumps, I'll catch the re-test pic.twitter.com/Ln8k3Yonwi

— The Crypto Dog? (@TheCryptoDog) May 17, 2019

[the_ad id=”36860″]

[the_ad id="42537"] [the_ad id="42536"]
Check Latest News Headlines


 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Submit a Press Release

Industry Announcements

  • KyberSwap Announces First-Ever ARB Token Liquidity Pools, Liquidity Mining and Trading Campaigns on Arbitrum
    March 22, 2023
  • Metacade Presale Hits Final Stage Before Listings, Raising Over $500,000 in Under 24 Hours
    March 22, 2023
  • Yesports Launches the Largest Esports Marketplace for Gaming Expansion Into Web3 Alongside 40+ Partners
    March 21, 2023
  • Metatime Raises $11M in Private Funding To Enhance Web 3.0 Ecosystem
    March 21, 2023
  • Coinfest Asia Is Back in 2023 Carrying the Theme of Web 2.5
    March 20, 2023
  • Poolz Security Incident Prompts Rapid Response and Platform Restructuring
    March 16, 2023
  • Sovryn Introduces Decentralized Bitcoin-Backed Sovryn Dollar To Combat Centralized Stablecoins
    March 16, 2023
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$27,604.40
$27,604.40
3.34%
Ethereum
$1,763.03
$1,763.03
2.68%
Cardano
$0.372958
$0.372958
1.28%
XRP
$0.445352
$0.445352
1.35%
Dogecoin
$0.077307
$0.077307
2.24%

Spotlight

  • Macro Guru Raoul Pal Updates Outlook on Bitcoin, Predicts BTC Reaches $50,000 – Here’s His Timeline
    March 21, 2023
  • Former Coinbase CTO Doubles Down on Massive Bitcoin Price Prediction, Compares US Dollar to Collapsed World War I Currency
    March 21, 2023
  • Analyst Known for Calling Crypto Bottoms Predicts Breakout for Ethereum, Says Solana Primed for New Rallies
    March 21, 2023
  • Top Crypto Analyst Says Bitcoin Could Be Gearing Up for Parabolic Push – Here’s His Target
    March 21, 2023
NBX Warsaw Summit Banner
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX •
Futuremash •
Industry Announcements

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2023 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX

© 2023 The Daily Hodl