Bitcoin, Ethereum, Dogecoin Trade Mixed As Investors Weigh August Job Report: Analyst Predicts Altcoins To Go Dormant Before Exploding 200x In Upcoming Bull Run
Portfolio Pulse from Mehab Qureshi
Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin exhibited mixed trading performance as traders evaluated the latest U.S. jobs report. The U.S. nonfarm payrolls report revealed an increase in the unemployment rate and a slower increase in average hourly earnings. Crypto analyst Michael Van De Poppe noted promising momentum for Altcoins, while analyst Rekt Capital warned of the risk of Bitcoin breaking down from a bearish double top pattern. Crypto Tony predicted that Altcoins will lay dormant before exploding 200x in the upcoming bull run.
September 04, 2023 | 2:50 am
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NEUTRAL IMPACT
Bitcoin exhibited a slight gain amid mixed trading performance of major cryptocurrencies. Analysts predict a potential breakdown from a bearish double top pattern.
The mixed trading performance and the analysts' predictions of a potential breakdown could impact Bitcoin's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Dogecoin exhibited a slight decrease in its trading performance. However, analysts predict promising momentum for Altcoins, which includes Dogecoin.
The mixed trading performance and the analysts' predictions of promising momentum for Altcoins could impact Dogecoin's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Ethereum showed a slight decrease in its trading performance. However, analysts predict promising momentum for Altcoins, which includes Ethereum.
The mixed trading performance and the analysts' predictions of promising momentum for Altcoins could impact Ethereum's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100