All articles tagged with #bullish sentiment
Originally Published 6 months ago — by Bloomberg.com
Wall Street investors are showing remarkable resilience and bullishness despite escalating trade tensions and geopolitical risks, with markets reaching near-record highs and traders remaining confident that the current rally will continue, driven by a belief that trade conflicts will be resolved or won't significantly impact the expanding US economy.
Originally Published 1 year ago — by AMBCrypto News
Jupiter (JUP) is experiencing mixed market signals as it eyes a potential new high of $1.90. Despite a recent 15.65% rally and bullish indicators like a head-and-shoulders pattern and increased Open Interest, concerns arise from a notable imbalance in long liquidations, suggesting bearish sentiment. The decrease in Exchange Netflow indicates holders are opting to retain JUP, reducing its supply on exchanges. However, the disparity in liquidations, with long liquidations significantly outweighing shorts, suggests market sentiment may still favor bears, potentially hindering JUP's upward momentum.
Originally Published 1 year ago — by AMBCrypto News
Despite Dogecoin's recent 13% fall, traders remain bullish on the cryptocurrency, with a Long/Short ratio of 1.02 indicating a strong bullish sentiment. The Open Interest (OI) of $1.29 billion suggests that net positioning by traders has remained stable, potentially minimizing the impact of market volatility on the coin's price. However, technical indicators such as the Relative Strength Index (RSI) and the Parabolic SAR point to a weak momentum and bearish signs. The coin is expected to continue trading within its current price range, but a surge in capital flow or a tweet from Elon Musk could trigger a potential uptrend.
Originally Published 1 year ago — by Bitcoinist
Bitcoin's price surge and increased volatility have led to a surge in bullish sentiment, with traders showing confidence in the cryptocurrency's potential to reach or surpass the $100,000 mark through significant block trades of call options. The anticipation of the upcoming halving event further fuels optimism, as Bitcoin's price surpasses $71,000 and sees substantial inflows into spot Bitcoin ETFs, indicating growing interest in the digital asset as an investment avenue.
Originally Published 1 year ago — by Finbold - Finance in Bold
The price of Shiba Inu (SHIB) has surged over 170% in the past week, reaching levels not seen since mid-2022, with a 20% increase in a single day. Positive price action and profit for holders have led to a bullish sentiment for the "Dogecoin killer," with technical analysis indicating a "strong buy." The SHIB blockchain Shibarium has also seen significant growth, with over 1.36 million crypto wallet addresses and nearing 400 million transactions. With indicators pointing to potential profits, SHIB holders are optimistic about the current meme token revival.
Originally Published 1 year ago — by CoinDesk
Bitcoin's upcoming halving event, coupled with institutional buying demand and historical gains, has some traders predicting that the cryptocurrency could surpass its lifetime high of $69,000 in March. The anticipation of reduced supply and a pre-halving rally is driving increased buying activity, with some expecting a support level at $50,000 and potential fluctuations before hitting historical highs. The success of spot bitcoin exchange-traded funds (ETFs) and strong institutional bullish sentiment further contribute to the positive outlook for bitcoin prices.
Originally Published 2 years ago — by Yahoo Finance
Wall Street is experiencing a resurgence of bullish sentiment as stocks rally close to all-time highs, putting many bear cases to rest. Despite lingering challenges such as a possible recession and uncertainty over the Fed's rate path, analysts are projecting positive outcomes for 2024. Bank of America's Savita Subramanian sees the S&P 500 reaching 5,000 next year, citing "proof of concept" from surviving higher interest rates in 2023. However, JPMorgan's equity strategy team remains bearish, projecting the S&P 500 to close at 4,200 in 2024. The debate over a potential recession has become less concerning to some strategists, who believe it may be a "recession in name only." The enthusiasm is also fueled by surprising earnings growth and the resilience of certain sectors, such as tech and communication services. Overall, the bulls are optimistic about the future of the stock market, with concerns over recession and geopolitical shocks diminishing.
Originally Published 2 years ago — by MarketWatch
Analysts at Ned Davis Research caution that bullish sentiment in the stock market is currently in the "excessive" zone, which could contribute to a weak first-half December performance. The research firm's indicators show that short-term sentiment is at its most optimistic level since July, while crowd sentiment has returned to optimistic territory for the first time since August. This increase in sentiment aligns with the stock market's historical tendency for weakness in the first half of December. However, analysts suggest that a seasonal pullback could set the stage for a potential Santa Claus rally.
Originally Published 2 years ago — by Forbes
The approval of a spot Bitcoin exchange-traded fund (ETF) by the SEC is fueling a bullish surge in Bitcoin's price, with the market eyeing the $40,000 milestone. The strong bullish sentiment is indicated by the one-month call-put skew, which shows that demand for bullish bets is outpacing downside protection. While 12 asset managers have filed for a spot Bitcoin ETF, the process is complex and the actual launch may be delayed. The SEC has set a window for approval from November 8 to 17, with analysts predicting a high likelihood of approval but a potential launch in the following year. The correlation between ETF developments and Bitcoin's price highlights the market's valuation of such milestones, although concerns about high open interest levels and potential price fluctuations remain.
Originally Published 2 years ago — by Cointelegraph
Bitcoin (BTC) surged close to $37,000, reaching its highest level since May 2022, as US buyers sustained the rally and speculation grew around a potential US Bitcoin spot price exchange-traded fund (ETF) approval. Analysts believe there is a 90% chance of spot Bitcoin ETF approvals by January 10, 2024, and the recent price action suggests that the market is anticipating a positive decision. The bullish sentiment is also reflected in the on-chain data, with signals from proprietary trading tools being invalidated due to the overnight gains. However, it is important to note that every investment and trading move involves risk, and readers should conduct their own research.
Originally Published 2 years ago — by CoinDesk
Bitcoin surged over $30,000, marking an 11% weekly gain, as optimism around the potential approval of a spot bitcoin exchange-traded fund (ETF) in the U.S. grew. Alternative tokens like Bitcoin Cash and Bitcoin SV also experienced significant gains. Several ETF providers amended their filings, and pressure mounted on the U.S. Securities and Exchange Commission (SEC) to soften its stance on bitcoin ETF approval. The possibility of the Grayscale Bitcoin Trust being converted into an ETF excited traders, and a ruling in Grayscale's favor could have a positive impact on overall market sentiment. The market's confidence in ETF approval has increased as the deadline for BTC spot ETF applications from institutions like BlackRock approaches.
Originally Published 2 years ago — by MarketWatch
The recent rally in the U.S. stock market is likely a counter-trend advance within a longer-term downtrend, as many on Wall Street have turned bullish too quickly. Market timers' sentiment has become significantly more positive than historical analysis would suggest, with exposure levels jumping far beyond expectations. This excessive optimism among market timers is a reason why contrarian investors are not expecting much from the current rally.
Originally Published 2 years ago — by Kitco NEWS
Gold market sentiment remains bullish, but analysts caution that prices are unlikely to break above $2,000 an ounce next week as the Federal Reserve is expected to maintain its hawkish monetary policy stance. Main Street retail investors are also not expecting prices to break above $2,000 an ounce. The biggest near-term risk for gold remains the Federal Reserve's monetary policy decision. Markets currently expect the U.S. central bank to leave rates unchanged; however, hawkish moves from other central banks have created doubt in the marketplace.
Originally Published 2 years ago — by The Daily Hodl
Analyst Bluntz predicts a Bitcoin bounce incoming as swing failure patterns are forming on the daily chart of BTC and other top crypto assets in a downtrend, suggesting a reversal to the upside. Bluntz warns that now is not the time to be short and expects Bitcoin to rise after overcoming key resistance levels. The analyst also sees potential upside for Litecoin based on historical data from its previous halving events.
Originally Published 2 years ago — by Bitcoin News
Bitcoin has fallen to a two-month low in May due to bearish market sentiment following April's strong gains. The Federal Reserve increased interest rates by 25 basis points, and non-farm payrolls rose to 253,000, versus expectations of 180,000. Bitcoin fell to a low of $25,810 last Friday, but has somewhat rebounded, climbing to a peak of $27,527.51 earlier in today's session. The 14-day relative strength index (RSI) rose above a ceiling at 42.00, and is now tracking at 44.66, with bulls seemingly targeting $28,000 in the near term.