Bitcoin, Ethereum, Dogecoin Surge Amid Selling Pressure Over The Weekend: Analyst Says King Crypto To Reach $100K-$150K Post Halving In April
Portfolio Pulse from Mehab Qureshi
Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin saw gains amid selling pressure over the weekend. Analysts predict a potential surge in Bitcoin's value post-halving, with projections reaching $100K-$150K. The global cryptocurrency market cap experienced a decrease, while stock futures remained relatively unchanged. Analysts highlighted key price levels for Bitcoin and the potential for a shift towards altcoins.
March 18, 2024 | 4:14 am
News sentiment analysis
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POSITIVE IMPACT
Bitcoin saw a 2.16% increase to $67,724 amid selling pressure, with analysts predicting a surge to $100K-$150K post-halving.
The positive sentiment and projections from analysts regarding Bitcoin's value post-halving contribute to a bullish outlook, despite recent selling pressure.
CONFIDENCE 80
IMPORTANCE 95
RELEVANCE 100
POSITIVE IMPACT
Dogecoin surged 3.54% to $0.15, outperforming other major cryptocurrencies over the weekend.
Dogecoin's significant gain compared to other major cryptocurrencies suggests a stronger bullish sentiment among investors, potentially leading to further short-term gains.
CONFIDENCE 70
IMPORTANCE 70
RELEVANCE 70
POSITIVE IMPACT
Ethereum increased by 0.91% to $3,598, with significant liquidation events noted in the market.
Ethereum's slight gain amidst a broader market downturn and significant liquidation events indicates resilience, potentially leading to positive short-term momentum.
CONFIDENCE 70
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
NEAR Protocol saw a 20.85% increase to $8.46, marking it as one of the top gainers in the last 24 hours.
NEAR Protocol's significant gain positions it as a top performer, indicating strong investor interest and potential for continued short-term growth.
CONFIDENCE 70
IMPORTANCE 65
RELEVANCE 60
POSITIVE IMPACT
Render Token increased by 15.70% to $13.02, showcasing strong performance among cryptocurrencies.
Render Token's notable gain reflects positive market sentiment towards the asset, suggesting potential for further short-term appreciation.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50