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

Legendary Bitcoin Analyst Updates Crypto Outlook – BTC, Ethereum, XRP Predictions

by Daily Hodl Staff
December 18, 2019
in Bitcoin

Veteran analyst and crypto trading legend Peter Brandt says Bitcoin is holding the line on a crucial level of support.

In the last few hours, BTC has rallied from a low of $6,560. The king of crypto is currently up 8.64% at $7,172, according to COIN360.

Brandt, who is known for calling Bitcoin’s epic collapse after its 2017 bull run, says Bitcoin’s sharp bounce aligns with his analysis that BTC remains in a long-term uptrend.

Bitcoin $BTC has apparently held at important support pic.twitter.com/VqdX7B6Mmh

— Peter Brandt (@PeterLBrandt) December 18, 2019

In a recent episode of Bitcoin Live, Brandt says he believes BTC is on a slow but steady trajectory toward $100,000.

“The big picture in Bitcoin remains that we are in a historic bull trend. And we can see that in a sequence of higher highs [and] higher lows.”

“I believe in the long-term narrative of Bitcoin – that Bitcoin is, indeed, going to $100,000, if not substantially more. I buy the long-term bullish narrative in Bitcoin based not only on what I understand to be the fundamentals but also what I see to be the overall classical chart context of the market.”

Meanwhile, Ethereum traders are reading the tea leaves on the second-largest cryptocurrency by market cap. The coin is rising along with BTC and is currently up 8.44% at $132.75.

Analysts are trying to gauge the odds that one of the earliest buyers of ETH is gearing up to sell.

The founder of the crypto data science company D5, Alex Svanevik, says the mysterious trader may be gearing up to sell 60,000 ETH that was purchased during Ethereum’s ICO back in 2015.

Curious who this ETH ICO participant is: https://t.co/mA4mzt1tru

They've dumped (?) almost 300k ETH in the last few months – after hodling 530k ETH since the ICO in 2015.

3 days ago they transferred 60k ETH out of their wallet.

— Alex Svanevik (@ASvanevik) December 16, 2019

XRP, the third biggest crypto asset on the market, is also rebounding.

The coin is now up 6.42% at $0.1960 – triggering a debate on if and when a long-term recovery may begin.

An analyst known in the industry as Credible Crypto tells his 50,000 followers on Twitter that he believes XRP will rebound, but it will likely take longer to recover than the rest of the crypto market.

“XRP was the best performing asset during the last bull run, I think it’s allowed to take a little longer than the rest to get ready for the next round, no? You’d still be up 3x in USD terms had you invested in XRP over BTC prior to the last bullrun, even at its current state.

On a closer look it does look like some alts did perform better than XRP, not sure why they weren’t included in any of the lists I’ve found online. Regardless, it doesn’t change the fact that XRP was still one of the best performing assets of 2017. Even the best has to rest.”

Here’s a look at the current cryptocurrency landscape, showing the vast majority of all crypto assets are following Bitcoin’s big bounce above $7k.

Source: COIN360
[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

  • Narwhal Finance Secures $1 Million in Seed Funding Led by Animoca Ventures
    March 24, 2023
  • Sports Prediction App Pooky Launches Full Version of Its Play-and-Earn Game
    March 23, 2023
  • StormGain Launches StormGain DEX for User-Friendly Decentralized Crypto Trading
    March 23, 2023
  • 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
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$27,675.42
$27,675.42
2.55%
Ethereum
$1,755.01
$1,755.01
3.66%
Cardano
$0.363006
$0.363006
1.45%
XRP
$0.449503
$0.449503
2.17%
Dogecoin
$0.075357
$0.075357
2.24%

Spotlight

  • 6 Ethereum Altcoins Targeted By SEC Ahead of Coinbase Wells Notice
    March 22, 2023
  • White House Says ‘Bitcoin Has Not Announced Plans to Adopt Proof-of-Stake’ in Wild Economic Report
    March 22, 2023
  • The String Theory of Bitcoin Predicts Two More Months of Price Rally
    March 22, 2023
  • Bitcoin Currently Witnessing Its Best Marketing Campaign Ever, According to InvestAnswers – Here’s Why
    March 23, 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