tl;dr
Renowned crypto analyst Quinten François suggests that the Bitcoin bull run could begin in two months based on a cycle indicator and bullish fundamentals. He predicts a potential peak of $250,000 for Bitcoin in this market cycle. Another analyst, Smiley Capital, anticipates that Bitcoin will lead a ...
Renowned crypto analyst Quinten François predicts that the Bitcoin bull run could commence in October, with a potential peak of $250,000 for Bitcoin in this market cycle. Another analyst, Smiley Capital, anticipates that Bitcoin will lead a market rally, followed by a strong Ethereum rally and significant moves in altcoins. At present, Bitcoin is trading at around $60,600.
Quinten François highlighted a cycle indicator suggesting the Bitcoin bull run is imminent. He underscored bullish fundamentals for BTC, including the German government's cessation of selling its BTC holdings, reduced outflows from Grayscale's Bitcoin Trust, and anticipated global liquidity influx into Bitcoin. Moreover, FTX creditors are close to receiving repayments, with most of this cash expected to flow into Bitcoin. Low BTC supply on exchanges indicates aggressive accumulation by investors, mainly institutions stacking more than 450 BTC daily. François predicts the onset of the bull run for Bitcoin and other cryptocurrencies with a chart suggesting a peak of $250,000 in this market cycle.
Analyst Smiley Capital forecasts Bitcoin's rally will "paralyze the entire market," with periods of consolidation following "face-melting rallies," subsequent uptrends, and a strong Ethereum rally impacting the entire market. He predicts altcoins will experience extraordinary moves after Ethereum's rally, albeit with short-term corrections. At the time of writing, Bitcoin is trading at around $60,600, up over 2% in the last 24 hours, according to data from CoinMarketCap.
More about United States Steel Corporation
United States Steel Corporation Summary United States Steel Corporation
United States Steel Corporation produces and sells tubular and flat rolled steel products primarily in North America and Europe. The company is headquartered in Pittsburgh, Pennsylvania.
Industry: MANUFACTURING
Sub-Industry: STEEL WORKS, BLAST FURNACES & ROLLING MILLS (COKE OVENS)
Market Cap: 8,762,270,000
Current Price: $17.01
Change: 0.2 (1.19%)
PE Ratio: 2.29
EPS: $75.31
Dividend Yield: 0.034
Shares Outstanding: 16,853,000,000
Revenue: 16,853,000,000
EPS Estimate Current Year: $45.45
EPS Estimate Next Year: -0.617
EPS Estimate Next Quarter: -0.178
More about O-I Glass Inc
O-I Glass Inc Summary
O-I Glass, Inc. manufactures and sells glass containers to food and beverage manufacturers primarily in the Americas, Europe, and Asia Pacific. The company is headquartered in Perrysburg, Ohio.
Industry: MANUFACTURING
Product: GLASS CONTAINERS
Market Cap: 1914084000
Dividend Yield: None
EPS: -1.88
Price: 43.37
Change: -0.0432
Volume: 6706000000
P/E Ratio: 16
RSI: -0.478
MACD: -0.085