Standard Chartered also shared insights about the spot Ether ETFs and is optimistic that the SEC will approve the products on May 23. The analysts expect the approvals to attract up to $45 billion in inflows within the first 12 months. This would unlock Ether's price to $8,000 by the end of 2024, the bank says. The analysts added:<\/p>\n\n\n\n
In 2025, we see the ETH-to-BTC price ratio rising back to the 7% level that prevailed for much of 2021-22.\"<\/em><\/p>\n\n\n\n With a projected BTC price<\/a> of $200,000 at the end of 2025, Standard Chartered says the ETH price could climb to $14,000. At the time of this publication, Bitcoin was exchanging hands at $67,000 and Ether at $3,400. Both assets had cooled off from their previous strengths.<\/p>\n","post_title":"Standard Chartered Tips Bitcoin to $150K at Year-End, Optimistic of Ether ETF Approval","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"standard-chartered-tips-bitcoin-to-150k-at-year-end-optimistic-of-ether-etf-approval","to_ping":"","pinged":"","post_modified":"2024-03-21 03:33:54","post_modified_gmt":"2024-03-20 16:33:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15939","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Standard Chartered also shared insights about the spot Ether ETFs and is optimistic that the SEC will approve the products on May 23. The analysts expect the approvals to attract up to $45 billion in inflows within the first 12 months. This would unlock Ether's price to $8,000 by the end of 2024, the bank says. The analysts added:<\/p>\n\n\n\n In 2025, we see the ETH-to-BTC price ratio rising back to the 7% level that prevailed for much of 2021-22.\"<\/em><\/p>\n\n\n\n With a projected BTC price<\/a> of $200,000 at the end of 2025, Standard Chartered says the ETH price could climb to $14,000. At the time of this publication, Bitcoin was exchanging hands at $67,000 and Ether at $3,400. Both assets had cooled off from their previous strengths.<\/p>\n","post_title":"Standard Chartered Tips Bitcoin to $150K at Year-End, Optimistic of Ether ETF Approval","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"standard-chartered-tips-bitcoin-to-150k-at-year-end-optimistic-of-ether-etf-approval","to_ping":"","pinged":"","post_modified":"2024-03-21 03:33:54","post_modified_gmt":"2024-03-20 16:33:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15939","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
See Related: Standard Chartered Joins e-CNY Pilot Tests, To Offer Digital Yuan Exchange Services<\/a><\/p>\n\n\n\n Standard Chartered also shared insights about the spot Ether ETFs and is optimistic that the SEC will approve the products on May 23. The analysts expect the approvals to attract up to $45 billion in inflows within the first 12 months. This would unlock Ether's price to $8,000 by the end of 2024, the bank says. The analysts added:<\/p>\n\n\n\n In 2025, we see the ETH-to-BTC price ratio rising back to the 7% level that prevailed for much of 2021-22.\"<\/em><\/p>\n\n\n\n With a projected BTC price<\/a> of $200,000 at the end of 2025, Standard Chartered says the ETH price could climb to $14,000. At the time of this publication, Bitcoin was exchanging hands at $67,000 and Ether at $3,400. Both assets had cooled off from their previous strengths.<\/p>\n","post_title":"Standard Chartered Tips Bitcoin to $150K at Year-End, Optimistic of Ether ETF Approval","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"standard-chartered-tips-bitcoin-to-150k-at-year-end-optimistic-of-ether-etf-approval","to_ping":"","pinged":"","post_modified":"2024-03-21 03:33:54","post_modified_gmt":"2024-03-20 16:33:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15939","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Standard Chartered said that if ETF inflows reach the bank's mid-point estimate of $75 billion and reserves managers accumulate Bitcoin, it will give a good chance for the price to overshoot next year. Should it happen, the analysts are optimistic the BTC price will climb to $250,000 in 2025 before cooling to around $200,000.<\/p>\n\n\n\n See Related: Standard Chartered Joins e-CNY Pilot Tests, To Offer Digital Yuan Exchange Services<\/a><\/p>\n\n\n\n Standard Chartered also shared insights about the spot Ether ETFs and is optimistic that the SEC will approve the products on May 23. The analysts expect the approvals to attract up to $45 billion in inflows within the first 12 months. This would unlock Ether's price to $8,000 by the end of 2024, the bank says. The analysts added:<\/p>\n\n\n\n In 2025, we see the ETH-to-BTC price ratio rising back to the 7% level that prevailed for much of 2021-22.\"<\/em><\/p>\n\n\n\n With a projected BTC price<\/a> of $200,000 at the end of 2025, Standard Chartered says the ETH price could climb to $14,000. At the time of this publication, Bitcoin was exchanging hands at $67,000 and Ether at $3,400. Both assets had cooled off from their previous strengths.<\/p>\n","post_title":"Standard Chartered Tips Bitcoin to $150K at Year-End, Optimistic of Ether ETF Approval","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"standard-chartered-tips-bitcoin-to-150k-at-year-end-optimistic-of-ether-etf-approval","to_ping":"","pinged":"","post_modified":"2024-03-21 03:33:54","post_modified_gmt":"2024-03-20 16:33:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15939","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
\"We think the gold analogy \u2013 in terms of both ETF impact and the optimal portfolio mix \u2013 remains a good starting point for estimating the 'correct' BTC price level medium-term.\"<\/em><\/p>\n\n\n\n Standard Chartered said that if ETF inflows reach the bank's mid-point estimate of $75 billion and reserves managers accumulate Bitcoin, it will give a good chance for the price to overshoot next year. Should it happen, the analysts are optimistic the BTC price will climb to $250,000 in 2025 before cooling to around $200,000.<\/p>\n\n\n\n See Related: Standard Chartered Joins e-CNY Pilot Tests, To Offer Digital Yuan Exchange Services<\/a><\/p>\n\n\n\n Standard Chartered also shared insights about the spot Ether ETFs and is optimistic that the SEC will approve the products on May 23. The analysts expect the approvals to attract up to $45 billion in inflows within the first 12 months. This would unlock Ether's price to $8,000 by the end of 2024, the bank says. The analysts added:<\/p>\n\n\n\n In 2025, we see the ETH-to-BTC price ratio rising back to the 7% level that prevailed for much of 2021-22.\"<\/em><\/p>\n\n\n\n With a projected BTC price<\/a> of $200,000 at the end of 2025, Standard Chartered says the ETH price could climb to $14,000. At the time of this publication, Bitcoin was exchanging hands at $67,000 and Ether at $3,400. Both assets had cooled off from their previous strengths.<\/p>\n","post_title":"Standard Chartered Tips Bitcoin to $150K at Year-End, Optimistic of Ether ETF Approval","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"standard-chartered-tips-bitcoin-to-150k-at-year-end-optimistic-of-ether-etf-approval","to_ping":"","pinged":"","post_modified":"2024-03-21 03:33:54","post_modified_gmt":"2024-03-20 16:33:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15939","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The bank analysts based their predictions on ETF approvals, comparing Bitcoin to gold prices when the first gold exchange-traded funds debuted in the US. In an emailed statement to investors, the strategists said:<\/p>\n\n\n\n \"We think the gold analogy \u2013 in terms of both ETF impact and the optimal portfolio mix \u2013 remains a good starting point for estimating the 'correct' BTC price level medium-term.\"<\/em><\/p>\n\n\n\n Standard Chartered said that if ETF inflows reach the bank's mid-point estimate of $75 billion and reserves managers accumulate Bitcoin, it will give a good chance for the price to overshoot next year. Should it happen, the analysts are optimistic the BTC price will climb to $250,000 in 2025 before cooling to around $200,000.<\/p>\n\n\n\n See Related: Standard Chartered Joins e-CNY Pilot Tests, To Offer Digital Yuan Exchange Services<\/a><\/p>\n\n\n\n Standard Chartered also shared insights about the spot Ether ETFs and is optimistic that the SEC will approve the products on May 23. The analysts expect the approvals to attract up to $45 billion in inflows within the first 12 months. This would unlock Ether's price to $8,000 by the end of 2024, the bank says. The analysts added:<\/p>\n\n\n\n In 2025, we see the ETH-to-BTC price ratio rising back to the 7% level that prevailed for much of 2021-22.\"<\/em><\/p>\n\n\n\n With a projected BTC price<\/a> of $200,000 at the end of 2025, Standard Chartered says the ETH price could climb to $14,000. At the time of this publication, Bitcoin was exchanging hands at $67,000 and Ether at $3,400. Both assets had cooled off from their previous strengths.<\/p>\n","post_title":"Standard Chartered Tips Bitcoin to $150K at Year-End, Optimistic of Ether ETF Approval","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"standard-chartered-tips-bitcoin-to-150k-at-year-end-optimistic-of-ether-etf-approval","to_ping":"","pinged":"","post_modified":"2024-03-21 03:33:54","post_modified_gmt":"2024-03-20 16:33:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15939","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Banking giant Standard Chartered<\/a> has predicted that Bitcoin price could rise to $150,000 by the end of the year. The forecast is an upgrade from the previous $100,000 the analysts predicted.<\/p>\n\n\n\n The bank analysts based their predictions on ETF approvals, comparing Bitcoin to gold prices when the first gold exchange-traded funds debuted in the US. In an emailed statement to investors, the strategists said:<\/p>\n\n\n\n \"We think the gold analogy \u2013 in terms of both ETF impact and the optimal portfolio mix \u2013 remains a good starting point for estimating the 'correct' BTC price level medium-term.\"<\/em><\/p>\n\n\n\n Standard Chartered said that if ETF inflows reach the bank's mid-point estimate of $75 billion and reserves managers accumulate Bitcoin, it will give a good chance for the price to overshoot next year. Should it happen, the analysts are optimistic the BTC price will climb to $250,000 in 2025 before cooling to around $200,000.<\/p>\n\n\n\n See Related: Standard Chartered Joins e-CNY Pilot Tests, To Offer Digital Yuan Exchange Services<\/a><\/p>\n\n\n\n Standard Chartered also shared insights about the spot Ether ETFs and is optimistic that the SEC will approve the products on May 23. The analysts expect the approvals to attract up to $45 billion in inflows within the first 12 months. This would unlock Ether's price to $8,000 by the end of 2024, the bank says. The analysts added:<\/p>\n\n\n\n In 2025, we see the ETH-to-BTC price ratio rising back to the 7% level that prevailed for much of 2021-22.\"<\/em><\/p>\n\n\n\n With a projected BTC price<\/a> of $200,000 at the end of 2025, Standard Chartered says the ETH price could climb to $14,000. At the time of this publication, Bitcoin was exchanging hands at $67,000 and Ether at $3,400. Both assets had cooled off from their previous strengths.<\/p>\n","post_title":"Standard Chartered Tips Bitcoin to $150K at Year-End, Optimistic of Ether ETF Approval","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"standard-chartered-tips-bitcoin-to-150k-at-year-end-optimistic-of-ether-etf-approval","to_ping":"","pinged":"","post_modified":"2024-03-21 03:33:54","post_modified_gmt":"2024-03-20 16:33:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15939","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Banking giant Standard Chartered<\/a> has predicted that Bitcoin price could rise to $150,000 by the end of the year. The forecast is an upgrade from the previous $100,000 the analysts predicted.<\/p>\n\n\n\n The bank analysts based their predictions on ETF approvals, comparing Bitcoin to gold prices when the first gold exchange-traded funds debuted in the US. In an emailed statement to investors, the strategists said:<\/p>\n\n\n\n \"We think the gold analogy \u2013 in terms of both ETF impact and the optimal portfolio mix \u2013 remains a good starting point for estimating the 'correct' BTC price level medium-term.\"<\/em><\/p>\n\n\n\n Standard Chartered said that if ETF inflows reach the bank's mid-point estimate of $75 billion and reserves managers accumulate Bitcoin, it will give a good chance for the price to overshoot next year. Should it happen, the analysts are optimistic the BTC price will climb to $250,000 in 2025 before cooling to around $200,000.<\/p>\n\n\n\n See Related: Standard Chartered Joins e-CNY Pilot Tests, To Offer Digital Yuan Exchange Services<\/a><\/p>\n\n\n\n Standard Chartered also shared insights about the spot Ether ETFs and is optimistic that the SEC will approve the products on May 23. The analysts expect the approvals to attract up to $45 billion in inflows within the first 12 months. This would unlock Ether's price to $8,000 by the end of 2024, the bank says. The analysts added:<\/p>\n\n\n\n In 2025, we see the ETH-to-BTC price ratio rising back to the 7% level that prevailed for much of 2021-22.\"<\/em><\/p>\n\n\n\n With a projected BTC price<\/a> of $200,000 at the end of 2025, Standard Chartered says the ETH price could climb to $14,000. At the time of this publication, Bitcoin was exchanging hands at $67,000 and Ether at $3,400. Both assets had cooled off from their previous strengths.<\/p>\n","post_title":"Standard Chartered Tips Bitcoin to $150K at Year-End, Optimistic of Ether ETF Approval","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"standard-chartered-tips-bitcoin-to-150k-at-year-end-optimistic-of-ether-etf-approval","to_ping":"","pinged":"","post_modified":"2024-03-21 03:33:54","post_modified_gmt":"2024-03-20 16:33:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15939","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Banking giant Standard Chartered<\/a> has predicted that Bitcoin price could rise to $150,000 by the end of the year. The forecast is an upgrade from the previous $100,000 the analysts predicted.<\/p>\n\n\n\n The bank analysts based their predictions on ETF approvals, comparing Bitcoin to gold prices when the first gold exchange-traded funds debuted in the US. In an emailed statement to investors, the strategists said:<\/p>\n\n\n\n \"We think the gold analogy \u2013 in terms of both ETF impact and the optimal portfolio mix \u2013 remains a good starting point for estimating the 'correct' BTC price level medium-term.\"<\/em><\/p>\n\n\n\n Standard Chartered said that if ETF inflows reach the bank's mid-point estimate of $75 billion and reserves managers accumulate Bitcoin, it will give a good chance for the price to overshoot next year. Should it happen, the analysts are optimistic the BTC price will climb to $250,000 in 2025 before cooling to around $200,000.<\/p>\n\n\n\n See Related: Standard Chartered Joins e-CNY Pilot Tests, To Offer Digital Yuan Exchange Services<\/a><\/p>\n\n\n\n Standard Chartered also shared insights about the spot Ether ETFs and is optimistic that the SEC will approve the products on May 23. The analysts expect the approvals to attract up to $45 billion in inflows within the first 12 months. This would unlock Ether's price to $8,000 by the end of 2024, the bank says. The analysts added:<\/p>\n\n\n\n In 2025, we see the ETH-to-BTC price ratio rising back to the 7% level that prevailed for much of 2021-22.\"<\/em><\/p>\n\n\n\n With a projected BTC price<\/a> of $200,000 at the end of 2025, Standard Chartered says the ETH price could climb to $14,000. At the time of this publication, Bitcoin was exchanging hands at $67,000 and Ether at $3,400. Both assets had cooled off from their previous strengths.<\/p>\n","post_title":"Standard Chartered Tips Bitcoin to $150K at Year-End, Optimistic of Ether ETF Approval","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"standard-chartered-tips-bitcoin-to-150k-at-year-end-optimistic-of-ether-etf-approval","to_ping":"","pinged":"","post_modified":"2024-03-21 03:33:54","post_modified_gmt":"2024-03-20 16:33:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15939","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Banking giant Standard Chartered<\/a> has predicted that Bitcoin price could rise to $150,000 by the end of the year. The forecast is an upgrade from the previous $100,000 the analysts predicted.<\/p>\n\n\n\n The bank analysts based their predictions on ETF approvals, comparing Bitcoin to gold prices when the first gold exchange-traded funds debuted in the US. In an emailed statement to investors, the strategists said:<\/p>\n\n\n\n \"We think the gold analogy \u2013 in terms of both ETF impact and the optimal portfolio mix \u2013 remains a good starting point for estimating the 'correct' BTC price level medium-term.\"<\/em><\/p>\n\n\n\n Standard Chartered said that if ETF inflows reach the bank's mid-point estimate of $75 billion and reserves managers accumulate Bitcoin, it will give a good chance for the price to overshoot next year. Should it happen, the analysts are optimistic the BTC price will climb to $250,000 in 2025 before cooling to around $200,000.<\/p>\n\n\n\n See Related: Standard Chartered Joins e-CNY Pilot Tests, To Offer Digital Yuan Exchange Services<\/a><\/p>\n\n\n\n Standard Chartered also shared insights about the spot Ether ETFs and is optimistic that the SEC will approve the products on May 23. The analysts expect the approvals to attract up to $45 billion in inflows within the first 12 months. This would unlock Ether's price to $8,000 by the end of 2024, the bank says. The analysts added:<\/p>\n\n\n\n In 2025, we see the ETH-to-BTC price ratio rising back to the 7% level that prevailed for much of 2021-22.\"<\/em><\/p>\n\n\n\n With a projected BTC price<\/a> of $200,000 at the end of 2025, Standard Chartered says the ETH price could climb to $14,000. At the time of this publication, Bitcoin was exchanging hands at $67,000 and Ether at $3,400. Both assets had cooled off from their previous strengths.<\/p>\n","post_title":"Standard Chartered Tips Bitcoin to $150K at Year-End, Optimistic of Ether ETF Approval","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"standard-chartered-tips-bitcoin-to-150k-at-year-end-optimistic-of-ether-etf-approval","to_ping":"","pinged":"","post_modified":"2024-03-21 03:33:54","post_modified_gmt":"2024-03-20 16:33:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15939","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Nonetheless, if the bulls are successful in pushing the price of Ethereum over $3,602, a daily candle close above this mark will stimulate further buy orders, providing Ether with the price vigor required to continue rising, probably even to reclaim its top above the psychological $4,000 barrier. This would represent an increase of almost 20% over the existing levels.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: Bitcoin Signals A Deeper Correction Near $60K, And The ETH Joins Bearish Momentum After Failing To Sustain Above The Resistance At $3.5K","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-bitcoin-signals-a-deeper-correction-near-60k-and-the-eth-joins-bearish-momentum-after-failing-to-sustain-above-the-resistance-at-3-5k","to_ping":"","pinged":"","post_modified":"2024-03-26 16:43:13","post_modified_gmt":"2024-03-26 05:43:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16007","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":15939,"post_author":"21","post_date":"2024-03-21 03:33:48","post_date_gmt":"2024-03-20 16:33:48","post_content":"\n Banking giant Standard Chartered<\/a> has predicted that Bitcoin price could rise to $150,000 by the end of the year. The forecast is an upgrade from the previous $100,000 the analysts predicted.<\/p>\n\n\n\n The bank analysts based their predictions on ETF approvals, comparing Bitcoin to gold prices when the first gold exchange-traded funds debuted in the US. In an emailed statement to investors, the strategists said:<\/p>\n\n\n\n \"We think the gold analogy \u2013 in terms of both ETF impact and the optimal portfolio mix \u2013 remains a good starting point for estimating the 'correct' BTC price level medium-term.\"<\/em><\/p>\n\n\n\n Standard Chartered said that if ETF inflows reach the bank's mid-point estimate of $75 billion and reserves managers accumulate Bitcoin, it will give a good chance for the price to overshoot next year. Should it happen, the analysts are optimistic the BTC price will climb to $250,000 in 2025 before cooling to around $200,000.<\/p>\n\n\n\n See Related: Standard Chartered Joins e-CNY Pilot Tests, To Offer Digital Yuan Exchange Services<\/a><\/p>\n\n\n\n Standard Chartered also shared insights about the spot Ether ETFs and is optimistic that the SEC will approve the products on May 23. The analysts expect the approvals to attract up to $45 billion in inflows within the first 12 months. This would unlock Ether's price to $8,000 by the end of 2024, the bank says. The analysts added:<\/p>\n\n\n\n In 2025, we see the ETH-to-BTC price ratio rising back to the 7% level that prevailed for much of 2021-22.\"<\/em><\/p>\n\n\n\n With a projected BTC price<\/a> of $200,000 at the end of 2025, Standard Chartered says the ETH price could climb to $14,000. At the time of this publication, Bitcoin was exchanging hands at $67,000 and Ether at $3,400. Both assets had cooled off from their previous strengths.<\/p>\n","post_title":"Standard Chartered Tips Bitcoin to $150K at Year-End, Optimistic of Ether ETF Approval","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"standard-chartered-tips-bitcoin-to-150k-at-year-end-optimistic-of-ether-etf-approval","to_ping":"","pinged":"","post_modified":"2024-03-21 03:33:54","post_modified_gmt":"2024-03-20 16:33:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15939","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Before the next step up, the price of Ethereum might return to the $3,200 - $3,024 zone for a liquidity sweep, particularly if the price of Bitcoin keeps showing signs of weakness.<\/p>\n\n\n\n Nonetheless, if the bulls are successful in pushing the price of Ethereum over $3,602, a daily candle close above this mark will stimulate further buy orders, providing Ether with the price vigor required to continue rising, probably even to reclaim its top above the psychological $4,000 barrier. This would represent an increase of almost 20% over the existing levels.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: Bitcoin Signals A Deeper Correction Near $60K, And The ETH Joins Bearish Momentum After Failing To Sustain Above The Resistance At $3.5K","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-bitcoin-signals-a-deeper-correction-near-60k-and-the-eth-joins-bearish-momentum-after-failing-to-sustain-above-the-resistance-at-3-5k","to_ping":"","pinged":"","post_modified":"2024-03-26 16:43:13","post_modified_gmt":"2024-03-26 05:43:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16007","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":15939,"post_author":"21","post_date":"2024-03-21 03:33:48","post_date_gmt":"2024-03-20 16:33:48","post_content":"\n Banking giant Standard Chartered<\/a> has predicted that Bitcoin price could rise to $150,000 by the end of the year. The forecast is an upgrade from the previous $100,000 the analysts predicted.<\/p>\n\n\n\n The bank analysts based their predictions on ETF approvals, comparing Bitcoin to gold prices when the first gold exchange-traded funds debuted in the US. In an emailed statement to investors, the strategists said:<\/p>\n\n\n\n \"We think the gold analogy \u2013 in terms of both ETF impact and the optimal portfolio mix \u2013 remains a good starting point for estimating the 'correct' BTC price level medium-term.\"<\/em><\/p>\n\n\n\n Standard Chartered said that if ETF inflows reach the bank's mid-point estimate of $75 billion and reserves managers accumulate Bitcoin, it will give a good chance for the price to overshoot next year. Should it happen, the analysts are optimistic the BTC price will climb to $250,000 in 2025 before cooling to around $200,000.<\/p>\n\n\n\n See Related: Standard Chartered Joins e-CNY Pilot Tests, To Offer Digital Yuan Exchange Services<\/a><\/p>\n\n\n\n Standard Chartered also shared insights about the spot Ether ETFs and is optimistic that the SEC will approve the products on May 23. The analysts expect the approvals to attract up to $45 billion in inflows within the first 12 months. This would unlock Ether's price to $8,000 by the end of 2024, the bank says. The analysts added:<\/p>\n\n\n\n In 2025, we see the ETH-to-BTC price ratio rising back to the 7% level that prevailed for much of 2021-22.\"<\/em><\/p>\n\n\n\n With a projected BTC price<\/a> of $200,000 at the end of 2025, Standard Chartered says the ETH price could climb to $14,000. At the time of this publication, Bitcoin was exchanging hands at $67,000 and Ether at $3,400. Both assets had cooled off from their previous strengths.<\/p>\n","post_title":"Standard Chartered Tips Bitcoin to $150K at Year-End, Optimistic of Ether ETF Approval","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"standard-chartered-tips-bitcoin-to-150k-at-year-end-optimistic-of-ether-etf-approval","to_ping":"","pinged":"","post_modified":"2024-03-21 03:33:54","post_modified_gmt":"2024-03-20 16:33:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15939","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Ethereum price is trapped beneath the 50% Fibonacci level and could remain there for some time as the network fights against governments. Technical indicators are flashing bearishly, with the MACD diving down its signal line and the RSI breaching sub-50.<\/p>\n\n\n\n Before the next step up, the price of Ethereum might return to the $3,200 - $3,024 zone for a liquidity sweep, particularly if the price of Bitcoin keeps showing signs of weakness.<\/p>\n\n\n\n Nonetheless, if the bulls are successful in pushing the price of Ethereum over $3,602, a daily candle close above this mark will stimulate further buy orders, providing Ether with the price vigor required to continue rising, probably even to reclaim its top above the psychological $4,000 barrier. This would represent an increase of almost 20% over the existing levels.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: Bitcoin Signals A Deeper Correction Near $60K, And The ETH Joins Bearish Momentum After Failing To Sustain Above The Resistance At $3.5K","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-bitcoin-signals-a-deeper-correction-near-60k-and-the-eth-joins-bearish-momentum-after-failing-to-sustain-above-the-resistance-at-3-5k","to_ping":"","pinged":"","post_modified":"2024-03-26 16:43:13","post_modified_gmt":"2024-03-26 05:43:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16007","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":15939,"post_author":"21","post_date":"2024-03-21 03:33:48","post_date_gmt":"2024-03-20 16:33:48","post_content":"\n Banking giant Standard Chartered<\/a> has predicted that Bitcoin price could rise to $150,000 by the end of the year. The forecast is an upgrade from the previous $100,000 the analysts predicted.<\/p>\n\n\n\n The bank analysts based their predictions on ETF approvals, comparing Bitcoin to gold prices when the first gold exchange-traded funds debuted in the US. In an emailed statement to investors, the strategists said:<\/p>\n\n\n\n \"We think the gold analogy \u2013 in terms of both ETF impact and the optimal portfolio mix \u2013 remains a good starting point for estimating the 'correct' BTC price level medium-term.\"<\/em><\/p>\n\n\n\n Standard Chartered said that if ETF inflows reach the bank's mid-point estimate of $75 billion and reserves managers accumulate Bitcoin, it will give a good chance for the price to overshoot next year. Should it happen, the analysts are optimistic the BTC price will climb to $250,000 in 2025 before cooling to around $200,000.<\/p>\n\n\n\nStandard Chartered Insights About The Spot Ether ETFs<\/h2>\n\n\n\n
Standard Chartered Insights About The Spot Ether ETFs<\/h2>\n\n\n\n
Standard Chartered Insights About The Spot Ether ETFs<\/h2>\n\n\n\n
Standard Chartered Insights About The Spot Ether ETFs<\/h2>\n\n\n\n
Standard Chartered Insights About The Spot Ether ETFs<\/h2>\n\n\n\n
Standard Chartered Insights About The Spot Ether ETFs<\/h2>\n\n\n\n
Standard Chartered Insights About The Spot Ether ETFs<\/h2>\n\n\n\n
Standard Chartered Insights About The Spot Ether ETFs<\/h2>\n\n\n\n
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Standard Chartered Insights About The Spot Ether ETFs<\/h2>\n\n\n\n
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Standard Chartered Insights About The Spot Ether ETFs<\/h2>\n\n\n\n
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Standard Chartered Insights About The Spot Ether ETFs<\/h2>\n\n\n\n
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