Bitcoin Trader Predicts Bullish Q4, but Warns of Potential Sell-Off

A prominent crypto trader, known as CJ, anticipates a bullish Q4 for Bitcoin despite the current downward trend. He believes the market is simply in a dip before a potential upside break, emphasizing the importance of understanding probabilities rather than solely focusing on bullish or bearish sentiment. While CJ predicts a potential reversal zone around $65,000-$67,700 and a possible surge to new highs by the end of the year, he also acknowledges the risk of a sell-off, with potential support levels at $56,000-$57,000 and even $49,000. This nuanced analysis provides valuable insights for Bitcoin investors navigating the current market volatility.

Bitcoin at a Crossroads: Analyst Sees Potential Bullish Shift, But Key Resistance Remains

Veteran technical analyst CryptoCred believes Bitcoin is nearing a pivotal moment, potentially shifting from a bearish to a bullish market structure. While the price has been forming lower highs, indicating bearish momentum, a weekly close above $64,000 could signal a bullish break, according to CryptoCred’s analysis. Meanwhile, another analyst highlights the significance of the 200-day SMA as a key level to watch, suggesting a failure to reclaim this support could lead to a significant correction.

Analyst Ratings on Monday.Com (MNDY): Bullish and Bearish Perspectives Emerge

Analysts have provided a mix of bullish and bearish perspectives on Monday.Com (MNDY) in the past three months. The average price target for the next 12 months is $246.15, with a high estimate of $280.00 and a low estimate of $190.00. Key insights from analysts include: David Hynes of Canaccord Genuity lowered his rating from Buy to Neutral, while Michael Berg of Wells Fargo initiated coverage with an Overweight rating. Jason Celino of Keybanc raised his price target twice, indicating growing confidence in the company’s prospects.

Glacier Bancorp Analyst Ratings: Bullish and Bearish Perspectives

Analysts have provided diverse ratings for Glacier Bancorp in the past three months. Four analysts have issued ratings, with a mix of bullish and bearish perspectives. The average 12-month price target is $42.75, with a high estimate of $45.00 and a low estimate of $40.00. Glacier Bancorp’s revenue growth has faced challenges, while its net margin remains strong. The company’s ROE and ROA are below industry averages, and its debt-to-equity ratio is above industry norms.

Scroll to Top