Tag: Investanswers

Here’s What It Would Take for Bitcoin (BTC) To Rally 200%, According to InvestAnswers

by Dailyhodl

The anonymous host of InvestAnswers is unveiling a scenario where Bitcoin (BTC) could triple its current value.

The analyst tells his 409,000 YouTube subscribers that many people store Bitcoin on exchanges for flexibility purposes, even though they’re not currently willing to sell it.

The host notes that a sudden surge in buying pressure could ignite a supply shock and cause Bitcoin’s value to go parabolic.

“To cause a big macro shock, you would need somebody trying to buy between 100,000 and 200,000 Bitcoin within the space of one or two weeks.

That would propel the market to 3x in a very short window of time. That’s all it takes, because a lot of people do actually have their crypto on exchanges, but they’re not willing to sell it…

There’s a lot of people like me who are not willing to sell. So that metric what’s available on exchanges to sell it’s very different. But everybody has their price and the higher we go, the more sellers there will be, and it will even itself out. But if again, somebody tried to buy 100,000 to 200,000 within a two-week period, we go. We 3x overnight and that could happen.” 

Bitcoin is trading at $44,112.72 at time of writing. The top crypto asset by market cap is up more than 4% in the past 24 hours and up nearly 15% compared to where it was priced one week ago.

At current prices, a 100,000 BTC purchase would be worth more than $4.4 billion.

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Here’s What’s Coming for Bitcoin (BTC), Ethereum (ETH) and Algorand (ALGO) in 2022: InvestAnswers

by Dailyhodl

A popular crypto analyst is setting price targets for three crypto assets as the markets try to bounce back from a shaky start to 2022.

In a new strategy session, the host of financial education YouTube channel InvestAnswers shares with his 407,000 subscribers a Bitcoin (BTC) chart from CryptoStackers founder Forrest Przybysz.

The chart features three key price range metrics: accumulation in the lows, mean reversion where price bounces back, and overextension which plots out anticipated rally tops.

The InvestAnswers host says of Przybysz,

“He’s very conservative in his estimates and I love his simple charts. He believes we could go to $102,000 in this bull market this year.

The mean reversion line is about $51,000, and the shopping layer is between $30,000 and $25,000 – but obviously a little bit higher too. We’re not going to see that at $25,000. We didn’t even get under $31,000.”

Bitcoin has managed to sustain the rally from its monthly low under $34,000 on January 24th, but at $38,873 is still 17.9% off its $47,292 valuation on New Year’s Day.

Next up is leading smart contract platform Ethereum (ETH), which has dropped 25% so far this year.

The crypto analyst references another CryptoStackers chart while discussing the status of ETH 2.0 to see where the project might be headed next.

“Looking at this chart you will see the accumulation zone [$1,881] which we’re way above right now. Mean reversion about $3,760. And the overextension about $7,500.

We spent all of 2021 talking about ETH 2.0, that’s now a thing of the past, doesn’t exist. They’re kind of rebranding what it’s supposed to be. Maybe that’ll help them buy more time, but we’ll see if we’re actually going to get there at all.

Many people are saying… consensus mechanism is not going to be ready until probably 2023.

That’s reflected by, as we saw, the money outflows, the lack of confidence, and money flowing into other assets as we go forward.”

Source: InvestAnswers/YouTube

Ethereum is up 5.68% on the day and trading for $2,785.

Last on the list is the open-source, decentralized blockchain network Algorand (ALGO).

Regarding the well-known financial media outlet The Motley Fool’s claim that Algorand will be the Solana (SOL) of 2022, the InvestAnswers host remains skeptical.

“Looking at the chart of Algorand for the last 12 months, it’s flat.

It’s basically where it was a year ago. That’s never a good sign for kind of a whole year to be lost.”

Regarding tokens that have traded flat such as ALGO, the host concludes,

“Yeah, some of them may double, but we want more than a double this year, that’s what we’re looking for. We start at triples.

Considering the retracement we’ve had as well, it should be very easy to find a whole bunch of triples.”

At time of writing, Algorand is up 3% to $0.98. A month ago it was trading for nearly $1.70.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Large Investors Will Create a Bottom for Bitcoin (BTC), According to Host of InvestAnswers

by Dailyhodl

The anonymous host of InvestAnswers says a pool of large investors will help form a bottom price level for Bitcoin (BTC).

With BTC trading at $36,727.19 at time of writing, down more than 13.5% in the past seven days, the InvestAnswers analyst tells his 405,000 YouTube subscribers that Bitcoin will bottom out at $30,000.

“Volume is light but as we’ve been saying, there are thousands and thousands and thousands of investors and fund managers and hedge funds, etc., that have been looking at this space for the longest time.

And they know that this is a finite asset. They know it’ll be a flight to safety. They need somewhere to park their money that’s safe.

Fiat debases. Gold doesn’t go anywhere. Stock market’s too shaky.”

The analyst highlights that buyers with significant purchasing power are moving in to purchase Bitcoin at a discounted price.

“What we saw today was kind of interesting. Big volume came in, big buyers came in, big blocks.

But you could tell as well from looking at the on-chain data and the wallet purchases, these are people buying $2-8 million [worth of Bitcoin] a pop.

They were not retail investors, but they were grabbing what they could.”

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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What Happens After Lengthy BTC Consolidation? InvestAnswers Looks at Periods of Accumulation for Bitcoin

by Dailyhodl

A popular crypto analyst is looking at past cycles to determine whether Bitcoin (BTC) will be able to awaken from its slumber and soar once again.

In a new strategy session, the host of financial education YouTube channel InvestAnswers tells his 390,000 subscribers that while stagnant price action is frustrating for investors, these periods of consolidation are usually followed by upside breakouts.

The analyst references a chart that looks at BTC performance over the past few bull runs and retracements dating back to the summer of 2020.

“I’m always kind of looking for signs that are out there.

If you look at my three-step [chart], we had step one in the summer, we were flat for 11 weeks. We had step two, flat for a while, period of consolidation, and step three.”

Source: InvestAnswers/YouTube

The InvestAnswers host says that, if past patterns hold true, then Bitcoin has what it takes to climb after completing the current consolidation and accumulation phase.

“The important thing is what happens after a lengthy period of consolidation?

And that duration of which can be anywhere from four weeks to 11 eleven weeks.

The answer is, it always goes up. Bitcoin doesn’t consolidate and go down. It consolidates, gets accumulated, and then goes up.

I believe after this period of consolidation, which generally is very painful for many, we will go up.”

BTC is currently even on the day and trading for $46,366.

The largest crypto asset by market cap briefly breached the $50,000 resistance level several times last month but quickly gave up those gains.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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InvestAnswers Unveils ‘Confident’ Solana Price Prediction, Says 200% Ethereum Rise on the Table

by Dailyhodl

A popular crypto analyst is setting 2022 price targets for a layer-1 blockchain protocol that’s flying high after breaking out last year.

In a new Q&A session, the host of financial education YouTube channel InvestAnswers tells his 389,000 subscribers where he thinks Solana (SOL) is headed over the next six months.

“I’m pretty confident we’ll see $400 or $450.

And if the market goes bonkers, it could go as high as $700…

I do expect a lot of activity to happen in the next one or two quarters, by June.”

A year ago, Solana (SOL) was priced under $2 and ended up reaching an all-time high of nearly $260 back in November. The altcoin is valued at $169.93 at time of writing.

The strategist also talks about entry points for leading smart contract platform Ethereum (ETH).

“Pick dips.

I do see things like Ethereum at $3,500 is a great price. We were down at $3,500 just on the 29th of December…

That’s a place where I would believe Ethereum is an extremely good value because it’ll 3x potentially over the next year or so, especially as it goes very deflationary with the launch of ETH 2.0.”

Ethereum 2.0, also known as Serenity, is an upcoming upgrade focused on increasing the network’s speed and scalability.

ETH also had a breakout 2021, rising over 400% from $730 to its year-end valuation above $3,700. The crypto asset is down slightly on the day and trading for $3,773.

The InvestAnswers host also weighed in on Bitcoin (BTC), saying that the top crypto is long overdue for a massive rally that should happen sometime between March and June.

“I always said we’d hit $98,000 Bitcoin during this bull run, [but] I didn’t realize it would be so delayed.

Between the China ban and the doldrums for 11 weeks, then a horrible September. December [was also] kind of sucky.

Now I do believe we will hit that $98,000… When I look at things like adoption, on-chain metrics, the big money is coming in Q1, the only way is up. And to double is nothing for Bitcoin…

I’m just going to put a line in the sand and that’s what I see: sometime by the end of March or June.”

Bitcoin is currently trading at $46,177.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Bitcoin (BTC) $ 43,024.53 2.05%
Ethereum (ETH) $ 2,239.75 0.70%
Litecoin (LTC) $ 72.87 0.79%
Bitcoin Cash (BCH) $ 243.14 3.29%