Bitcoin, Ethereum, Dogecoin Trade Mixed After XRP Rally Simmers Down: Analyst Predicts $50K Level For King Crypto By 2024 Halving
Portfolio Pulse from Mehab Qureshi
Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin experienced a decline on Monday evening. This comes after Ripple's recent legal victory against the SEC which had boosted the crypto market. Analysts predict a downward trend for Bitcoin, with potential lows of around $29,000. However, analyst PlanB predicts a surge in Bitcoin's price as it approaches its next halving event in 2024, with a potential price range of $40,000 to $50,000.
July 18, 2023 | 2:26 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Dogecoin experienced a slight increase on Monday evening.
The slight increase in Dogecoin's price could positively impact its short-term performance.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Bitcoin experienced a decline and analysts predict a downward trend with potential lows of around $29,000. However, a surge is predicted by 2024 halving with a potential price range of $40,000 to $50,000.
The decline in Bitcoin's price and the predicted downward trend could negatively impact its short-term performance. However, the predicted surge by 2024 halving could potentially boost its price in the long term.
CONFIDENCE 70
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Ethereum experienced a decline on Monday evening.
The decline in Ethereum's price could negatively impact its short-term performance.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50