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Cryptoforecast

Solana forecast: mostly sunny with upside potential According to ATTMO, Solana is expected to encounter mostly sunny 🌤️ trading conditions in the next 24 hours, indicating slightly bullish potential. Solana is already up 1.8 percent compared to yesterday and is currently trading at around $140. ATTMO predicts rainy 🌧️ trading conditions for Solana in three days, but a recovery and more upside potential ☀️ in seven days. Follow us for more crypto news and weather reports!
COINBASE:SOLUSDLong
by ATTMO
BTC rebound imminentMixed trading signals are anticipated for the next 24 hours in the crypto market. Bitcoin is experiencing tropical conditions, pointing to strong buy signals and a rebound from these levels. Bitcoin fell below $66,000 on Monday morning, extending last week's decline due to new U.S. economic data. After nearing all-time highs above $71,000 earlier this month, Bitcoin and the broader crypto market have cooled, with Bitcoin briefly dipping below $65,000 over the weekend. Follow us for more crypto weather reports!
BITSTAMP:BTCUSDLong
by ATTMO
BTC to break its ATH On June 12? The price of Bitcoin dropped 1.1 percent to $67,828 over the past 24 hours. Its price is now 8 percent below the all-time high reached in March, Trading View’s Bitcoin chart shows. Bitcoin is likely to break its all-time high if the upcoming May US inflation figures come in below April’s 3.4 percent, 10xResearch forecasts. “As the next CPI data release is scheduled for June 12, we expect that Bitcoin ETF inflows will likely remain strong(er) for the next two weeks. This should help lift Bitcoin to new all-time highs,” according to the crypto research firm’s daily note. Investors will have another inflation-related figure to trade on Friday, when the US personal consumption expenditures (PCE) index for May is released. The PCE index is expected to remain unchanged at 2.8 percent compared to April. According to ATTMO, both Bitcoin and Ether will profit from a bullish sun, indicating upside potential in the next 24 hours and the week ahead. Follow us for more crypto news and weather reports!
BITSTAMP:BTCUSDLong
by ATTMO
ETH facing ☁️, downside risk for the next 24 hours The SEC approved the spot Ether ETF applications of eight asset managers overnight. Blackrock, Ark Invest, Van Eck and Hashdex are some of them. “We are so thrilled to confirm that the SEC has approved, pursuant to Section 19(b) of the Securities Exchange Act of 1934, our exchange partner CBOE’s proposed rule change to list and trade a @vaneck_us spot #Ethereum ETF on the CBOE!” said the Head of Digital Asset Research of one of the asset managers, Van Eck’s Matthew Sigel. The above-mentioned approval does not suffice for the listing of the spot ETFs. The asset managers now need to get their S-1 Form (the proper registration statement of the financial product) approved as well and this might take time. The price of Ether rose 0.5 percent to $3,740 over the past 24 hours. QCP, a crypto asset trading firm, forecasts that its price could rise to $6,000 as a result of this approval, Bitcoin.com reports. Mixed trading conditions and bearish clouds lie ahead for the global crypto market in the next 24 hours, Ether included. This signals downward pressure. Over a one-week horizon, the sun should break through and shine over it, indicating upside potential. Follow us for more crypto news and weather reports!
BITSTAMP:ETHUSDShort
by ATTMO
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ETH consolidating before continuing its way to $4KEther extended its gains over the past 24 hours as investors now expect an approval of Van Eck’s application for a spot Ether exchange traded fund (ETF) as early as today or by tomorrow at the latest. This would be the first of nine similar applications to be approved by the Securities and Exchange Commission (SEC). “ If they approve the Ethereum ETF, they are approving the entire industry. This is the last dam to be broken,” the crypto profile Anthony Pompliano said. The price of Ether rose another 3 percent on these speculations over the past 24 hours. It has risen by 29 percent over the past seven days. “If the spot ETH ETF is approved, it will be a true shock to everyone I know in DC who's close to this process. That doesn't mean it won't happen. It means approval could signal a major shift in US crypto policy after the SAB 121 vote, perhaps more important than the ETF itself,” the Chief Legal Officer of Variant Fund, Jake Chervinsky echoed. The US Congress has turned down the SEC’s proposed SAB 121 regulation, which would have forced crypto custodians to record their clients’ crypto holdings as liabilities on their balance sheet. The concerned financial institutions would incur massive capital expenses if this regulation was enforced. The question now is whether President Joe Biden will veto the decisions of the two chambers as he has indicated he will do, or not. Enjoying our newsletter? Get access to Lykke's comprehensive range of products and services. Get Lyffe now! Inflows into the ETH ETFs estimated to reach up to $45 billion Inflows into the above-mentioned Ether ETFs will reach between $15 and $45 billion by next summer, conditional on their approvals, according to the estimates of the Head of Forex and Digital Assets research at Standard Chartered Bank, Geoff Kendrick. He forecasts that the price of Ether will reach $8,000 by year-end, the Block reports. Clouds with some sun are gathering over Ethereum in the next 24 hours, but bullish sunny vibes will be back within 3 days and extend to the one-week time horizon. This indicates further upside potential for ETH. Follow us for more crypto news and weather reports!
COINBASE:ETHUSD
by ATTMO
BTC 24-Hour Upside Potential The 11 spot Bitcoin exchange traded funds (ETFs) approved in the US four months ago posted five days of consecutive inflows last week. Net inflows into the competing ETFs issued in Hong Kong three weeks ago have, however, been below expectations – a mere $228 million. In comparison, the US ETFs recorded inflows of $221 million on Friday, May 17, alone. The above-mentioned ETFs, with the exclusion of the decade old AMEX:GBTC (Grayscale’s Bitcoin trust that converted into an ETF) now hold 2.78 percent of Bitcoin’s current supply in circulation, Bitcoin.com reports. They together hold 548,557 Bitcoins. “Bitcoin’s institutional adoption is happening now,” Anthony Scaramucci, SkyBridge Capital’s founder told CNBC last week. He was Donald Trump’s spokesman for a short time during his presidency. A bullish sun shines over Bitcoin in the next 24 hours and one week horizon, signaling upside potential. Follow us for more crypto news and weather updates!
BITSTAMP:BTCUSDLong
by ATTMO
BTC upside potential for the next 24 hours and one week ☀️Hundreds of firms disclosed investments in the spot Bitcoin ETFs With the first quarter earnings season coming to an end and the deadline for regulatory filings expiring, a slew of financial institutions have disclosed their equity and crypto holdings. Interest in the 11 exchange traded funds (ETFs) approved by the Securities and Exchange Commission (SEC) was high. At least 317 firms have disclosed investments in BlackRock’s NASDAQ:IBIT ETF, and at least 502 firms have disclosed investments in AMEX:GBTC , Grayscale’s Bitcoin trust that was converted into an ETF, CryptoSlate reports citing Fintel data. Bitcoin rallied to a three-week high above $66,000, Trading View’s Bitcoin chart shows. The sharp upturn triggered the liquidation short positions exceeding $100 million. The price of Bitcoin climbed 5.83 percent to $66,327 over the past 24 hours. ATTMO forecasts bullish sun to shine over Bitcoin in the next 24 hours, indicating upside potential. This bullish trading mood is set to continue across the board over a one-week time horizon. Follow us for more crypto news and weather reports!
BITSTAMP:BTCUSDLong
by ATTMO
ETH to Drop Further 📉; Clouds ☁️ & Rain On the Horizon 🌧️SEC postpones yet another decision on a spot Ether ETF application 🙄 The Securities and Exchange Commission (SEC) has postponed its decision regarding the application of Invesco Galaxy’s spot ETH ETF to July 5. The US regulator had already delayed its decision regarding Van Eck’s similar application to May 23 and that of Franklin Templeton’s to June 11. Few analysts expect an approval on these three dates. The price of Ether dropped 3.37 percent to $2,947 over the past 24 hours. ATTMO forecasts clouds and rain for the next 24 hours and 7 days, signaling a likely downside for Ethereum. Follow us for more crypto news and weather reports!
COINBASE:ETHUSDShort
by ATTMO
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BTC Upside Over the Next 24 Hrs ☀; Price to Drop Next Week ☁️The price of Bitcoin rallied 3.8 percent to $59,568 over the past 24 hours. “#Bitcoin's market value has rebounded to $59.3K, and the percentage of the network's available supply in profit is at 84.4%. This CRYPTOCAP:BTC ratio is at its lowest level in 2 months. Lower levels generally justify more #bullish conditions,” the crypto intelligence firm Santiment said. But not everyone is optimistic. Standard Chartered’s Head of Digital Assets Research, Geoffrey Kendrick, forecasts that the price of Bitcoin could drop to between $50,000 to $52,000, Bitcoin.com reports. The price of Bitcoin has ranged between $56,900 and $64,400 over the past week, Trading View’s Bitcoin chart shows. Meanwhile research carried out by Fidelity Digital Assets shows that Bitcoin’s volatility is decreasing, even though the above trading ranges seem to contradict these findings. A bullish sun shines over all crypto tokens covered by ATTMO in the next 24 hours, signaling upside potential. Over a one-week horizon, the trading forecast is mixed with Bitcoin, Ether, Litecoin, Avalanche and Binance Coin set to face bearish clouds, indicating downward pressure. Dogecoin, Cardano, Ripple’s XRP and Polygon should, however, continue to profit from the bullish sun. Follow us for more crypto news and weather updates!
BITSTAMP:BTCUSD
by ATTMO
ETH Slightly Bullish 24-Hours ☀, Bearish ☁️ & Downside Next WeekIn the US, there were outflows from the spot Bitcoin exchange traded funds (ETFs) for the sixth consecutive day. “We have seen six consecutive days of outflows, and as the average entry price ($57,300) approaches the current spot price ($59,800), we will likely see more ETF unwinding. Since March 18, the ETFs have seen outflows on 58% of all trading days,” 10x Research said in its daily note. “This will likely lower prices to our target levels and cause a -25% to -29% correction from the $73,000 top - hence our price target of $52,000/$55,000 during the last three weeks,” the crypto research company forecasts. In Hong Kong, the first trading day of the spot Bitcoin and ETH ETFs approved proved to be a cold shower with only $12 million flowing into these new ETFs. Analysts had expected up to $300 million. The price of Ether fell 2.5 percent to $2,918 over the past 24 hours. A slightly bullish sun shines over Ethereum and ATTMO signals a potential upside over the next 24 hours. Over a one-week horizon, bearish clouds are likely to sweep over most of the cryptoverse putting pressure on Ethereum, indicating a potential price drop. Follow us for more crypto news and weather reports!
by ATTMO
BTC Bearish 7-Day Forecast - Drop to $55K Imminent? The cryptocurrency trend was sharply negative over the past 48 hours, triggering liquidations exceeding $500 million over the past two days. The price of Bitcoin fell below $57,000, to a two-month low, as the Federal Reserve slashed  hopes of rate cuts any time soon. Inflation remains stuck at high levels, the Fed’s Chairman, Jerome Powell said, after keeping the US’ central bank’s benchmark rate unchanged at a 23-year high. An interest rate cut have is not likely to take place before September. Analysts now await the release of the US April job figures tomorrow afternoon. The number of new jobs created is expected to have slowed down to 243,000 compared to March. The price of Bitcoin lost 4.3 percent to $57,500 over the past 24 hours, to a level not seen since the end of February, Trading View’s Bitcoin chart shows. 🌤️ Mixed trading conditions lie ahead for the global crypto market in the next 24 hours, with bearish clouds lingering over Bitcoin, Cardano and Binance Coin, indicating further downside pressure. A bullish sun will, however, shine over Ether, Avalanche, Ripple’s XRP and many other altcoins covered by ATTMO. 🌥 Over a one-week horizon, bearish clouds are likely to sweep over most of the cryptoverse putting additional pressure on Bitcoin, Ether, Cardano… Dogecoin, Polkadot and Polygon are set to buck this negative trend as bullish sun is forecast to shine over them over the coming week.
BITSTAMP:BTCUSDShort
by ATTMO
BTC drops further in the next couple of days; rebound next weekThe cryptocurrency trend was mixed over the past 24 hours ahead of the Federal Reserve’s interest rate decision tomorrow. The benchmark interest rate is expected to be left unchanged at 5.25 percent; a 23-year high. Investors will instead carefully analyze the wording about its future path. Some analysts expect three rate cuts later this year, while others forecast one or none as inflation concerns have reemerged in recent weeks. High interest rates do not support risky assets such as cryptocurrencies. Meanwhile, the outflows from the largest spot Bitcoin exchange traded funds (ETFs) approved in the US continued for the fourth consecutive day. Last week, digital investment products (including the above-mentioned ETFs) saw outflows for a third consecutive week, the asset manager CoinShares reports. The majority of the outflows were recorded by the incumbent Grayscale ETF, GBTX, which was converted into an ETF in January. The price of Bitcoin has dropped almost 10 percent over the past month, Trading View’s Bitcoin chart shows but rose 1.3 percent to $63,128 over the past 24 hours. Bearish clouds linger over Bitcoin, Litecoin, Ripple’s XRP, Cardano, Avalanche and the other altcoins covered by ATTMO in the next 24 hours, signaling downside pressure. The sun will break through for Bitcoin not before the next week. Follow us for more crypto news and weather reports!
BITSTAMP:BTCUSDShort
by ATTMO
ETH to 2,800 in the next 3 days ☁️, then rebound?May approvals of spot ETH ETFs in the US seem out of question. The meetings held between the asset managers that have filed spot Ether ETF applications and the Securities and Exchange Commission (SEC) have been one-sided and discouraging, CryptoSlate reports. This is in stark opposition to the meetings held ahead of the SEC’s approval of spot Bitcoin ETFs in January, when the regulator had provided significant feedback on the applications. The price of Ether dropped 3.4 percent to $3,208 over the past 24 hours. ☁️  Bearish clouds linger over the global crypto market, including Bitcoin and Ether, in the next 24 hours, indicating downward pressure. Over a one-week horizon, this low pressure will remain over Ripple’s XRP, Litecoin, Cardano, Binance Coin and Uniswap. 🌤️ Bullish trading conditions will, however, prevail over Bitcoin and Ether in the coming week, as the sun manages to break through the bearish clouds, ATTMO shows. Follow us for more crypto news and weather reports!
BITSTAMP:ETHUSDShort
by ATTMO
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BTC down for the next 3 days ☁️ upside potential only next week The price of Bitcoin fell 2.4 percent to $62,416 over the past 24 hours. Its price now trades 15 percent below its all-time high reached 1 ½ month ago, Trading View’s Bitcoin chart shows. Plans by the Swiss cryptoverse to push for the addition of Bitcoins to the alpine country’s currency reserves seem shattered following comments made by the head of the Swiss National Bank. Thomas Jordan not only expressed skepticism during the SNB’s annual general meeting held last week, but also added that adding Bitcoin could raise the country’s CO2 emissions. ☁️  Bearish clouds linger over the global crypto market, including Bitcoin and Ether, in the next 24 hours, indicating downward pressure. Over a one-week horizon, this low pressure will remain over Ripple’s XRP, Litecoin, Cardano, Binance Coin and Uniswap. 🌤️ Bullish trading conditions will, however, prevail over Bitcoin and Ether in the coming week, as the sun manages to break through the bearish clouds, ATTMO shows. Follow us for more crypto news and weather reports!
BITSTAMP:BTCUSDShort
by ATTMO
BTC Short-Term Bearish ☁️, Upside Potential Next Week ☀️Cryptocurrencies traded mixed over the past 24 hours, as investors are awaiting news that could give a clear direction to the cryptoverse following Bitcoin’s halving a week ago. Its price has since then risen 3.2 percent, Trading View’s Bitcoin chart shows. Yesterday, the 71-day streak of consecutive inflows into BlackRock’s spot Bitcoin exchange traded fund (ETF) NASDAQ:IBIT ended. Its ETF has nevertheless managed to attract a staggering $17.7 billion in assets under management since its launch in January. The price of Bitcoin was unchanged at $64,345 over the past 24 hours. ATTMO forecasts mixed trading conditions for the global crypto market in the next 24 hours, with Bitcoin, Litecoin, Cardano and Avalanche facing bearish clouds, signaling downward pressure. A bullish sun, however, shines over Ethereum, Ripple’s XRP and Polygon, indicating a potential upside. Over a one-week horizon, this bullish sun will also shine over Bitcoin, Litecoin and Polkadot. Bearish clouds will linger over Binance Coin, Uniswap, Cardano and Avalanche. Follow us for more crypto news and weather updates!
by ATTMO
BTC ☀️ & Bullish Vibes On the Horizon. $70K Again? The cryptocurrency trend was mixed over the past 24 hours, as investors await the quarterly results of a series of tech giants later today and this week. The price of Bitcoin rose 0.6 percent to $66,490 over the past 24 hours. This is 10 percent below its all-time high, Trading View’s Bitcoin chart shows. “I think we’re just getting started and bitcoin is going to have a great next 12 months,” Bitwise analyst, Ryan Rasmussen, is quoted as saying by Bitcoin.com. However, the regulatory risks should not be underestimated, he added. A bullish sun shines over most of the global crypto market in the next 24 hours. Tropical trading conditions prevail over Bitcoin, which translates into a slight upside potential. Ripple’s XRP, Avalanche and Chainlink face bearish clouds, signaling downside risks. Over a one-week horizon, the bullish sun should continue to shine over the cryptoverse, with the exception of Binance Coin and Uniswap, which all face bearish clouds. Follow us for more crypto weather reports and crypto news!
BITSTAMP:BTCUSDLong
by ATTMO
ETH - ☀️ & Slightly Bullish for the Week AheadLast week, three issuers obtained approval to launch spot Bitcoin and Ether ETFs by Hong Kong’s Securities and Futures Commission (SFC). These new funds will start trading on April 30, according to various sources, including 10x Research. The approval of the first spot ETH ETFs in the US next month does, however, seem unlikely. “Eerily quiet on spot eth ETFs… Consensus is SEC will disapprove in May. Reason = lack of engagement w/ issuers. Logic says that’s correct, but also wonder if SEC learned lesson from clown show w/ spot btc ETFs. Either way, options are either A) approve or B) face lawsuit IMO,” said Nate Geraci, the co-founder of the ETF Institute. The price of Ether fell 1.1 percent to $3,187 over the past 24 hours. A bullish sun shines over most of the global crypto market in the next 24 hours. Mostly sunny trading conditions prevail over Ethereum, which translates into a slight upside potential. Ripple’s XRP, Avalanche and Chainlink face bearish clouds, signaling downside risks. Over a one-week horizon, the bullish sun should continue to shine over the cryptoverse, with the exception of Binance Coin and Uniswap, which all face bearish clouds. Follow this account for more crypto news and weather reports!
BITSTAMP:ETHUSDLong
by ATTMO
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