Bitcoin News Today TheBitTimes.com

A widely followed cryptocurrency analyst and trader is outlining the potential path forward for a memecoin that’s exploded by over 9x in days. The analyst pseudonymously known as Altcoin Sherpa tells his 224,800 followers on the social media platform X that the Goatseus Maximus (GOAT) memecoin may consolidate for a while after rising by nearly 860% from its price of $0.045 on October 13th. “GOAT I think a range between $0.20 and $0.40 would be extremely healthy. Still holding this one for a while personally.” Source: Altcoin Sherpa/X According to Altcoin Sherpa, GOAT is likely to reach a market cap of $500 million. GOAT’s current market cap stands at just under $430 million. GOAT is trading at $0.429 at time of writing. Next up is Bitcoin (BTC). Altcoin Sherpa says he’s bullish on Bitcoin and the next resistance area he expects BTC to overcome is slightly above the $70,000 price, a level that was last reached in July. The pseudonymous analyst furth...

Bitcoin fell to lows of $57,700 on Coinbase as prices dipped during the US trading session. Analysts predict further weakness is likely, and here’s what they are saying At the time of writing, Bitcoin (BTC) traded around $58,486 across major crypto exchanges. However, the digital asset’s price had touched lows of $57,700 on US-based crypto exchange Coinbase amid fresh selling pressure. Notably, before this latest dump, crypto analyst Miles Deutscher had shared an observation: the last few weeks have seen prices rise during Asian hours and dip during US trading hours.    “Asia bids, America dumps,” the analyst opined .  Like clockwork.. pic.twitter.com/w9LPTlj8VD — Miles Deutscher (@milesdeutscher) August 30, 2024 Potential downside to $56k? CryptoQuant head of research Julio Moreno suggests the $56k area remains key. If the price falls below this, the analyst sees a further weakness. According to Moreno...