Bitcoin ‘About to Explode’ Says CNBC Analyst Ran Neuner

Bitcoin ‘About to Explode’ Says CNBC Analyst Ran Neuner
ôîòî ïîêàçàíî ñ : coinspeaker.com

2018-10-10 10:24

The host of the CNBC’s Crypto Trade show – Ran Neuner thinks that the Bitcoin consolidation is almost over and it’s ‘about to explode’. In a series of tweets, cryptotrader Neuner explained that why he thinks investors should start buying cryptocurrencies. To support his claims, Neuner cites the near-term possibility of a Bitcoin ETF approval by the SEC.

Neuner believes that the approval from the SEC could trigger Bitcoin price surge raising it exponentially. He believes that the approval of Bitcoin ETF would be a much bigger news than the Bitcoin futures. This would, in turn, lead to a flood of institutional money flowing into the market. Moreover, Neuner also noted that last year around this time, the new of Bitcoin futures arrival caused BTC to hit its all-time high by December 2017.

Ran Neuner Tweets

Below is the series of tweets from Neuner in the last few days.

I just bought Bitcoin for my parents. It’s too obvious that it’s about to explode…

— Ran NeuNer (@cryptomanran) October 7, 2018

Last year,around this time,BTC went from $6691 (Nov 11) to $20000 (Dec 17) in 5 weeks.This on the back of the expectation and launch of a cash settlement BTC futures contract. An ETF is a way bigger deal & requires actual purchase of BTC.2 looming SEC decision deadlines ahead.

— Ran NeuNer (@cryptomanran) October 7, 2018

Furthermore, Neuner continued saying:

“An ETF is a way bigger deal and requires the actual purchase of BTC. 2 looming SEC decision deadlines ahead.”

Note that many analysts, including Neuner, had put lofty targets for Bitcoin price by end of 2018.

In February 2018, Neuner said that Bitcoin would climb to $50,000 by 2018-end. However, looking to the current market conditions, things don’t seem to be going that way.

For the record, I am pinning this tweet. Bitcoin will finish 2018 at $50 000.

— Ran NeuNer (@cryptomanran) February 2, 2018

Moreover, it is been observed that Bitcoin is remaining pretty range bound and consolidating around $6500 for quite some time. In a word with Bloomberg, commodity strategist Mike McGlone said that this is the beginning where cryptocurrency market is establishing itself as a maturing asset class.

McGlone said: “This is a maturing market, so volatility should continue to decline. When you have a new market, it will be highly volatile until it establishes itself. There are more participants, more derivatives, more ways of trading, hedging and arbitraging.”

Bitcoin Price Moving Towards a ‘Classic Breakout Pattern’

In a word with CCN, EToro senior market analyst Mati Greenspan said that the Bitcoin price is heading to a “classic breakout pattern”. Greenspan cited two previous occasions this year where this pattern was observed and post that Bitcoin price shot upside. Greenspan is positive on a similar occurrence in the future.

Greenspan’s recent prediction is based on the technical charts and the predicted price movement of Bitcoin. In the chart, he shows that a 200-day moving average (DMA) has sustained above its resistance line for about “half a dozen” times. He says that a strong breakout about 200 DMA can alter the trading sentiment majorly pushing the Bitcoin price northwards.

BTC/USD | Source: eToro/Mati Greenspan

“In fact, we can see that it [the 200 DMA] has bounced off this line about half a dozen times this year,” he wrote. “A strong breakout above the 200 Day Moving Average could easily flip sentiment from bearish to bullish for many cryptotraders.”

The post Bitcoin ‘About to Explode’ Says CNBC Analyst Ran Neuner appeared first on CoinSpeaker.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) íà Currencies.ru

$ 98752.04 (+0.32%)
Îáúåì 24H $101.559b
Èçìåíåèÿ 24h: 5.54 %, 7d: 10.14 %
Cåãîäíÿ L: $94006.77 - H: $98752.04
Êàïèòàëèçàöèÿ $1950.894b Rank 1
Öåíà â ÷àñ íîâîñòè $ 6558.85 (1405.63%)

bitcoin neuner explode says cnbc analyst ran

bitcoin neuner → Ðåçóëüòàòîâ: 10


Ôîòî:

Prominent Investor: This Bitcoin Bear Season May Last For A While

Although the market has begun to recover, albeit ever so slightly, there are some industry leaders that aren’t convinced that Bitcoin is back in bull mode just yet. “Bitcoin Will Bottom, Then Go Sideways” Anthony Pompliano, the founder of the crypto/blockchain-centric Morgan Creek Digital Assets, recently appeared on Ran Neuner’s “Crypto Trader” show to express […] The post Prominent Investor: This Bitcoin Bear Season May Last For A While appeared first on Ethereum World News.

2018-8-27 23:44


Ôîòî:

‘No Reason to Not Allow’ the Bitcoin ETF to Go Ahead — Says SEC Commissioner

SEC Commissioner Hester Peirce explained why she is pro-Bitcoin ETF and why the Commission rejected the Winklevoss’ Twins latest rule change application. ‘I’m a Big Fan of Innovation’ In an interview with CNBC’s Cryptotrader host, Ran Neuner, SEC Commissioner Hester Peirce explained that she is currently one of four commissioners responsible for the fate of the Bitcoin ETF (though there are typically five when Commission is at full strength).

2018-8-2 14:00


[WATCH] SEC Commissioner Hester Peirce’s Interview on Bitcoin ETF Approval

Hester Peirce, an SEC Commissioner, has received a great deal of attention lately for her comments concerning cryptocurrency and her dissent in the SEC’s denial of Winklevoss’s ETF. Here is the full video of the entire hour long interview conducted by CNBC Africa's Crypto Trader show Ran NeuNer: SEC commissioner @HesterPeirce talks about why she […]

2018-8-2 01:26