Fintechzoom Uber Stock: In-Depth Analysis

Economic

Summary:

Discover FintechZoom's comprehensive coverage of Uber (UBER) stock, featuring real-time data, detailed financial analysis, advanced charting tools, and expert insights to help investors make informed decisions.

In today's dynamic stock market, staying informed is key to making sound investment decisions. FintechZoom, a leading fintech platform, has become a trusted resource for investors looking to gain insights and real-time updates on various stocks, including Uber Technologies Inc. (UBER). This article explores FintechZoom's comprehensive coverage of UBER stock, highlighting its features, insights, and how it aids investors in navigating the complexities of the market.

Uber (UBER) Stock: An Overview

Uber Technologies Inc., a global leader in ride-hailing and food delivery services, has revolutionized urban transportation and logistics. Founded in 2009 by Garrett Camp and Travis Kalanick, Uber has expanded its services to include Uber Eats, freight, autonomous vehicles, and even aerial transport. Uber's disruptive business model and relentless innovation have made it a prominent player in the tech industry and a notable stock in the market.

UBER Stock Performance

Uber's stock (UBER) has been closely watched by investors since its IPO in May 2019. The stock has experienced significant volatility, influenced by various factors such as market sentiment, regulatory challenges, competitive pressures, and company-specific developments. Despite these fluctuations, Uber's growth potential in the ride-sharing and delivery sectors continues to attract investor interest.

Key Factors Influencing UBER Stock

Financial Performance: Uber's quarterly earnings reports are critical for investors. Key metrics such as revenue growth, gross bookings, and profitability are closely analyzed to gauge the company's financial health and future prospects.

Market Expansion and Innovation: Uber's efforts to expand its market presence and diversify its services significantly impact its stock performance. Innovations in areas such as autonomous driving, food delivery, and freight logistics are closely monitored by investors.

Regulatory Environment: The regulatory landscape for ride-hailing services varies by region and can significantly impact Uber's operations and profitability. Changes in regulations, labor laws, and compliance requirements are key considerations for investors.

Competitive Landscape: Uber operates in a highly competitive environment, facing challenges from other ride-hailing companies like Lyft and food delivery services like DoorDash. Competitive dynamics and market share shifts can influence UBER stock.

Macro-Economic Factors: Broader economic trends, including consumer spending, fuel prices, and urbanization trends, also affect Uber's business and stock performance.

FintechZoom's Comprehensive Coverage of UBER Stock

FintechZoom has established itself as a valuable platform for investors seeking detailed information and analysis on UBER stock. The platform offers a range of features and tools designed to provide investors with a thorough understanding of Uber's performance and potential.

Key Features of FintechZoom's UBER Stock Coverage

Real-Time Data and Updates: FintechZoom provides real-time stock quotes, price charts, and news updates for UBER. Investors can stay informed about the latest developments and market movements.

In-Depth Analysis: The platform offers detailed analysis of Uber's financial performance, including earnings reports, revenue growth, profit margins, and key financial metrics. Expert insights and commentary help investors interpret the data and make informed decisions.

Technical Indicators and Charting Tools: FintechZoom's advanced charting tools and technical indicators enable investors to analyze UBER stock trends, identify patterns, and develop trading strategies. Customizable charts and indicators provide a visual representation of market data.

Historical Data and Performance Metrics: Investors can access historical data and performance metrics for UBER stock, allowing them to track long-term trends and assess the stock's performance over time. This historical perspective is valuable for making strategic investment decisions.

Market Sentiment and News Analysis: FintechZoom aggregates news articles, analyst ratings, and social media sentiment related to UBER stock. This comprehensive news analysis helps investors gauge market sentiment and understand the factors influencing Uber's stock price.

The Impact of FastBull on FintechZoom's UBER Stock Analysis

FastBull, a fintech platform known for its real-time market signals and in-depth analysis, enhances FintechZoom's coverage of UBER stock. By integrating FastBull's expertise and tools, FintechZoom provides investors with even more valuable insights and trading strategies.

FastBull's Contribution to FintechZoom's UBER Stock Coverage

Real-Time Market Signals: FastBull offers timely market signals based on comprehensive analysis. These signals alert investors to potential trading opportunities and significant market movements related to UBER stock.

Expert Analysis and Reports: FastBull provides detailed market reports and expert opinions on Uber's performance, competitive positioning, and future prospects. This analysis helps investors understand the broader context and make informed decisions.

Trading Strategies: FastBull offers various trading strategies tailored to different market conditions. These strategies, based on technical analysis and market trends, can be valuable for investors trading UBER stock on FintechZoom.

Integration and Synergy

The integration of FastBull's real-time signals and expert analysis with FintechZoom's comprehensive data and tools creates a powerful ecosystem for UBER stock investors. This synergy enables investors to leverage both platforms' strengths, enhancing their ability to make informed and strategic investment decisions.

Conclusion

Uber (UBER) stock remains a compelling investment due to the company's innovative business model, market leadership, and growth potential. FintechZoom's detailed coverage of UBER stock, combined with FastBull's real-time signals and analysis, provides investors with a comprehensive toolkit for navigating the complexities of the stock market.

By offering real-time data, in-depth analysis, advanced charting tools, and expert insights, FintechZoom empowers investors to stay informed and make data-driven decisions. The addition of FastBull's market signals and trading strategies further enhances this capability, creating a robust platform for UBER stock investors.

As the financial markets continue to evolve, the collaboration between FintechZoom and FastBull exemplifies the potential of fintech platforms to revolutionize stock trading and investment. With these tools at their disposal, investors are better equipped to navigate market fluctuations, capitalize on opportunities, and achieve their financial goals.

To stay updated on all economic events of today, please check out our Economic calendar

Risk Warnings and Disclaimers

You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.

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Glendon

Economic

Ellington Financial Inc (EFC) has captured the attention of income-seeking investors with its hefty dividend yield. But before diving headfirst into EFC, a thorough analysis is essential. This article delves into Ellington Financial's dividend history, financial health, and future prospects to help you decide if it's a worthy addition to your portfolio.

A History of Dividends:

Ellington Financial boasts a history of dividend payouts dating back to 2009. However, the company's dividend strategy has been somewhat inconsistent. While EFC currently offers a monthly dividend, this wasn't always the case. The switch to a more frequent payout structure might appeal to income-focused investors seeking regular cash flow.

Current Dividend Landscape:

As of July 22nd, 2024, EFC boasts a juicy dividend yield of around 12%, significantly higher than the S&P 500 average. This high yield is undoubtedly attractive, but it's crucial to understand the underlying factors that contribute to it.

Financial Strength and Sustainability:

A critical question regarding EFC's dividend is its sustainability. Can the company consistently generate enough cash flow to support these high payouts? Here's a closer look at EFC's financial health:

Profitability:

While EFC has shown profitability in recent years, its earnings haven't always been enough to fully cover dividend payments. This raises concerns about the long-term sustainability of the dividend if profitability falters.

Payout Ratio:

The payout ratio compares a company's dividend payments to its net income. A high payout ratio suggests a larger portion of profits is being distributed to shareholders, leaving less room for reinvestment in the company's growth. EFC's current payout ratio is on the higher side, which could be a cause for concern.

Debt Levels:

EFC carries a significant amount of debt on its balance sheet. While debt can be used strategically to finance growth, high debt levels can also increase the company's financial risk. If economic conditions worsen, servicing this debt could become more challenging, potentially impacting dividend payouts.

Analyst Opinions:

Analyst opinions on EFC's dividend are mixed. Some analysts praise the high yield, while others express concerns about its sustainability. It's crucial to consider these varying viewpoints when making your investment decision.

Beyond the Dividend: Growth Potential

While the dividend is a major draw for EFC, it's not the only factor to consider. Here's a glimpse into EFC's growth potential:

Market Positioning:

EFC operates in the mortgage finance sector, which is subject to economic fluctuations. Understanding the company's position within this market and its strategies for navigating market changes is crucial.

Expansion Plans:

Does EFC have plans to expand into new markets or business lines? Growth through strategic expansion can enhance the company's long-term prospects and potentially contribute to future dividend increases.

Investing in EFC: A Calculated Risk

Ellington Financial offers a high-yield dividend, but it comes with inherent risks. The company's financial health and future profitability are key factors to consider. Here are some additional points for investors to ponder:

Risk Tolerance:

High-yield dividend stocks are generally considered riskier than those with lower yields. Investors with a low-risk tolerance might be better suited for more conservative investments.

Diversification:

Don't let EFC become the sole source of your dividend income. Spreading your investments across various asset classes and sectors helps mitigate risk.

Conclusion: Weighing the Pros and Cons

Ellington Financial's high dividend yield is undeniably tempting. However, responsible investing requires careful consideration of the potential downsides. Analyzing the company's financial health, future prospects, and your own risk tolerance is crucial before making a decision. Remember, there's no such thing as a guaranteed dividend, and a high yield today doesn't guarantee a high yield tomorrow. Conduct thorough research, seek professional advice if needed, and make an informed decision that aligns with your financial goals.

To stay updated on all economic events of today, please check out our Economic calendar

Risk Warnings and Disclaimers

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Glendon

Economic

The resurgent crypto market continues to be a hotbed of activity, with memecoins like BONK leading the charge. Recent news has sent ripples through the crypto community, suggesting BONK has its sights set on the $0.00004 mark, fueled by a market capitalization exceeding a staggering $2 billion. This article delves deeper than a standard technical analysis, exploring the intricate chart patterns, market psychology, and potential roadblocks that could influence BONK's price trajectory.

Unveiling the Technical Landscape: Chart Patterns and Breakout Potential

News outlets are abuzz with reports of BONK experiencing a significant price surge, with some analysts predicting a rise to $0.00004. This targeted price point isn't a random guess; it's meticulously derived from a technical analysis of BONK's current chart patterns.

One crucial indicator under the microscope is the rising wedge. This chart formation, characterized by converging trendlines that form a wedge shape, suggests a period of consolidation. However, this consolidation isn't stagnant. It's a potential precursor to a breakout, where the price decisively breaks free from the confines of the wedge. If sustained buying pressure pushes BONK's price upwards, a breakout from the wedge could propel it towards the much-anticipated $0.00004 resistance level.

Another technical tool adding weight to the $0.00004 target is the Bollinger Band indicator. This volatility measurement tool depicts the price action of BONK within a band defined by two moving averages. Currently, the analysis reveals BONK's price testing the upper Bollinger Band. Historically, such a move has often preceded price breakouts. This is because the upper Bollinger Band represents an area of high resistance, and a successful test suggests the bulls (investors who believe the price will rise) are in control and a significant price increase might be imminent.

Beyond the Charts: Gauging Market Sentiment and Volume

While technical indicators provide valuable insights, they only tell part of the story. Market sentiment and trading volume are equally important factors influencing BONK's price journey. Recent news of a broader crypto market recovery, characterized by rising prices across major coins like Bitcoin and Ethereum, has instilled a sense of optimism among investors. This positive sentiment can lead to a domino effect, with increased interest in established coins spilling over to memecoins like BONK.

Furthermore, reports highlight a substantial increase in BONK's trading volume. This signifies heightened buying activity, where investors are actively purchasing BONK tokens. Such a surge in volume often precedes price breakouts, as increased demand can push the price upwards. Imagine a crowded auction house; as more bidders compete for a limited number of items, the price naturally tends to rise.

Navigating the Roadblocks: Potential Challenges on the Path to $0.00004

While the technical analysis and market sentiment suggest a potential BONK price surge, there are potential roadblocks that could derail the journey to $0.00004:

The $0.00004 Resistance Awaits: Breaking through the $0.00004 resistance level won't be a smooth sail. Imagine BONK's price approaching $0.00004 like a climber reaching a steep cliff face. If significant sell-off pressure emerges at this point, it could be akin to encountering a storm on the climb. This selling pressure could stall the rally and potentially lead to a price correction, where BONK falls back in value.

Rising Wedge Breakout Uncertainty: The rising wedge, while suggestive of a breakout, presents a dilemma. The breakout direction – upwards or downwards – is not guaranteed. If bulls fail to maintain momentum, BONK could experience a price drop within the confines of the wedge, dashing hopes of reaching $0.00004.

The Ever-Present Volatility Threat: The cryptocurrency market remains inherently volatile. Unexpected events, such as regulatory changes or negative news surrounding a major crypto exchange, could trigger a sudden shift in sentiment. This could derail the current bullish trend and impact BONK's price negatively. Imagine a strong gust of wind threatening to topple the climber; unforeseen events in the crypto market can pose a similar risk to BONK's price surge.

Investing in BONK: A Calculated Gamble or a Risky Ride?

The $0.00004 price target for BONK presents an intriguing opportunity for investors. However, careful consideration of the technical indicators, market psychology, and potential roadblocks is crucial before making any investment decisions.

To stay updated on all economic events of today, please check out our Economic calendar

Risk Warnings and Disclaimers

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Glendon

Economic

This week, the cryptocurrency community has been abuzz with discussions about the potential introduction of an XRP ETF (Exchange-Traded Fund). This development comes as Ripple, the company behind XRP, continues to make strides in the financial technology sector and seeks to expand its reach in traditional investment markets.

The concept of an XRP ETF is gaining traction as part of a broader trend of cryptocurrency-based ETFs entering the market. While Bitcoin ETFs have already made their debut, the introduction of an XRP ETF would represent a significant milestone for altcoins and could potentially reshape the investment landscape for Ripple's digital asset.

Current Market Context

Before delving into the specifics of the XRP ETF, it's important to understand the current market context for XRP. As of July 2024, XRP has been showing signs of recovery and growth. The asset has rallied 2% in the last 24 hours and 0.8% over the previous week, although it still shows some red in the 14-day and monthly charts. This recovery is part of a broader market trend, potentially influenced by investors re-entering spot Bitcoin ETFs and favorable events surrounding Ethereum.

The XRP ETF Token

The introduction of the XRP ETF Token represents a significant development in Ripple's strategy. This new token is designed to enhance liquidity and provide new investment avenues for both institutional and retail investors. The primary goals of the XRP ETF Token include:

Providing a stable and regulated investment vehicle

Facilitating faster and more cost-effective transactions

Attracting institutional investors who may have been hesitant due to regulatory uncertainties

The XRP ETF Token aims to bridge the gap between traditional financial markets and the cryptocurrency world, potentially driving greater adoption of XRP's technology and services.

Potential Impact on XRP's Price and Adoption

The introduction of an XRP ETF could have several significant impacts:

Increased Liquidity: By providing a new, regulated investment vehicle, the XRP ETF could attract more investors, potentially increasing the overall liquidity of XRP.

Price Stability: ETFs typically provide more stability compared to direct cryptocurrency investments. This could lead to less volatility in XRP's price.

Mainstream Adoption: An ETF could make XRP more accessible to traditional investors, potentially driving wider adoption of the digital asset.

Regulatory Clarity: The approval and launch of an XRP ETF would likely require regulatory clearance, which could provide more clarity on XRP's regulatory status.

Challenges and Considerations

Despite the potential benefits, there are several challenges and considerations surrounding the XRP ETF:

Regulatory Hurdles: The ongoing SEC vs. Ripple lawsuit remains a significant barrier. The resolution of this case could greatly impact the feasibility and timeline of an XRP ETF.

Market Competition: With Bitcoin ETFs already in the market and other cryptocurrencies vying for similar products, XRP will face competition in attracting investor interest.

Market Volatility: While an ETF could provide more stability, the underlying cryptocurrency market remains volatile, which could impact the ETF's performance.

Future Outlook

The future of the XRP ETF largely depends on regulatory developments and market conditions. If Ripple can successfully navigate its legal challenges and continue to demonstrate the utility of XRP in cross-border payments, an XRP ETF could become a reality.

Looking ahead, analysts foresee the potential for significant growth. Some predict that XRP could climb past $1 if it breaches the $0.65 resistance level. Moreover, large holders have been accumulating XRP, with their holdings reaching 85% of the total supply, indicating strong confidence in the asset's future.

In conclusion, the potential introduction of an XRP ETF represents a significant development in the cryptocurrency market. While challenges remain, particularly on the regulatory front, the XRP ETF could open new avenues for investment and potentially drive wider adoption of Ripple's digital asset. As always, investors should conduct thorough research and consider their risk tolerance before making investment decisions in this rapidly evolving market.

To stay updated on all economic events of today, please check out our Economic calendar

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Glendon

Economic

The U.S. Securities and Exchange Commission's (SEC) July 30, 2024, filing to amend its complaint against Binance and affiliated entities marks a significant escalation in the regulatory battle against the world's largest cryptocurrency exchange. The move comes after a court hearing raised questions about the sufficiency of the SEC's allegations concerning certain tokens.

The Implications of the Amended Complaint

The SEC's decision to modify its complaint has several key implications:

Expanded Definition of Securities: By focusing on "Third Party Crypto Asset Securities," the SEC is signaling a broader interpretation of what constitutes a security under securities law. This could have far-reaching consequences for the crypto industry, as it opens the door for classifying a wider range of digital assets as securities.

Delaying Legal Precedents: The SEC's strategy of amending the complaint avoids a premature court ruling on the specific classification of certain tokens. This tactic buys the agency time to gather more evidence and potentially strengthen its case.

Strengthened Regulatory Authority: The SEC's actions reinforce its stance as a primary regulator of the cryptocurrency industry. This assertion of authority could shape the regulatory landscape for years to come, potentially impacting how other cryptocurrencies are treated.

Potential Impact on the Crypto Market

The SEC's move is likely to have a profound impact on the cryptocurrency market:

Market Volatility: Increased regulatory uncertainty can lead to heightened market volatility. Investors may become more cautious, affecting trading volumes and asset prices.

Regulatory Clarity (or Lack Thereof): While the amended complaint might provide some additional clarity on the SEC's stance, the overall regulatory landscape remains uncertain. This ambiguity can hinder investment and innovation within the crypto ecosystem.Innovation Challenges: A stringent regulatory environment can stifle innovation. Crypto projects and startups may face increased hurdles in developing new products and services.

Deeper Look into "Third Party Crypto Asset Securities"

The term "Third Party Crypto Asset Securities" is central to the SEC's amended complaint. While the exact definition remains to be fully clarified, it is likely to encompass digital assets issued by entities other than Binance itself. This could include a wide range of tokens, from utility tokens to platform tokens.

The SEC's focus on these assets suggests a potential shift in its regulatory approach. Instead of targeting specific cryptocurrencies, the agency may be aiming to establish a broader framework for classifying digital assets based on their economic characteristics.

Beyond Binance: Industry-Wide Implications

The SEC's actions against Binance have a ripple effect on the entire cryptocurrency industry. Other exchanges and platforms are closely watching the case, as it could set precedents for how they are regulated.

Moreover, the SEC's aggressive stance highlights the need for a comprehensive regulatory framework for digital assets. Industry stakeholders, policymakers, and regulators must work together to create a balanced approach that fosters innovation while protecting investors.

Conclusion

The SEC's amended complaint against Binance is a pivotal moment for the cryptocurrency industry. The outcome of this case will have far-reaching implications for how digital assets are regulated in the United States and beyond. As the legal battle unfolds, it is essential for market participants to stay informed and adapt to the evolving regulatory landscape.

To stay updated on all economic events of today, please check out our Economic calendar

Risk Warnings and Disclaimers

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Warren Takunda

Central Bank

Economic

Stock markets pulled out of tech-led tumble on Thursday, as attention turned to whether the European Central Bank would signal September as its next likely point to cut interest rates after sitting on its hands at its latest meeting.

It was a busy day all round.

Wall Street was hoping for a Nasdaq reboot after its worst day since December 2022 . Japan's yen wilted after scaling a six-week high, while both the bond markets and euro were hearing from Christine Lagarde after the ECB left its only-recently pruned rates untouched.

Given that its policymakers have not been pushing back against market expectations, BNP Paribas economist Luca Pennarola said that "barring any shocks" September was now their preferred date for the next rate cut.

His colleague Mariana Monteiro said it would be important to hear whether Thursday's decision - which was fully expected - was unanimous given an emerging divergence over a potentially spluttering economic recovery but also stubborn pockets of inflation.

"We are not pre-committing to a particular rate path," Lagarde said in her opening remarks.

Back in the FX market, the U.S. dollar was still loitering close to its weakest level in four months against a basket of currencies.

Comments from Federal Reserve officials have bolstered the case for September cut in the U.S. too. That in turn meant gold was perched near its recent record highs.

Wall Street futures were going up. Europe's STOXX 600 was to snap a three-session losing streak with carmaker stocks driving the benchmark index with a 1.8% rise.

One could argue that clean energy funds have done a very good job of cleaning out investors' pockets.

Tech was only fractionally higher though after a 4.4% slump on Wednesday - also its worst day since December 2022 - following a report that the U.S. was considering tighter curbs on exports of advanced semiconductor technology to China.

MSCI's broadest index of Asia-Pacific shares outside Japan has seen a sub-index of IT stocks drop 2.5% overnight. Tech-heavy South Korean shares slipped 1.5%, while Taiwan stocks fell 2%.

The yen's overnight strength and the sharp drop in chip stocks took Japan's Nikkei down more than 2%, although the yen came off in Europe after daily data showed little fresh evidence of intervention from authorities.

"This volatility spike is now leading to some broader risk reduction as investors worry about stretched positioning," said Ben Bennett, Asia-Pacific investment strategist at Legal and General Investment Management.

ECB Set to Deliver a September Rate Cut_1

TAKE, TAKE, TAKE

Broader risk sentiment was also still jittery after Republican presidential candidate Donald Trump said on Wednesday Taiwan "did take about 100% of our chip business" and should pay the U.S. for its defence as it does not give the country anything.

China stocks had wavered as investors awaited policy news from a key leadership gathering in Beijing. The Shanghai Composite index made a late push to end up 0.55% although the tech sector still finished down.

The dollar index , which measures the U.S. currency versus six peers, was 0.1% higher at 103.78, not far from the four-month low of 103.64 it touched on Wednesday.

Jobs data just out showed the number of Americans filing new applications for unemployment benefits rose more than expected last week, although there has been no material shift in the labor market it suggested.

The data is typically noisy in July anyway because of summer breaks and temporary factory closures.

The yen was last at 156, while the euro was hovering at $1.0930 as ECB chief started to speak in Frankfurt.

Bank of Japan data suggested Tokyo may have bought nearly 6 trillion yen last week to lift the frail yen away from the 38-year lows it has been rooted to since the start of the month.

The yen has dropped 9.5% against the dollar this year as the wide interest rate difference between the U.S. and Japan weigh, creating a lucrative trading opportunity, in which traders borrow the yen at low rates to invest in dollar-priced assets for a higher return, known as carry trade.

Analysts, however, said last week's suspected moves by Tokyo might lead to traders unwinding some of their positions.

"It feels like the tide is shifting a little here and it's generating some discomfort for yen funded carry traders," said James Athey fixed income portfolio manager at Marlborough Investment Management.

In commodities, gold was 0.5% higher at $2,469 per ounce just below the record high of $2,483.60 it touched on Wednesday.

Oil prices were on the rise again, with Brent futures 0.4% higher at $85.45 a barrel, while U.S. West Texas Intermediate (WTI) crude gained 0.7% to $83.43.

Source: Reuters

To stay updated on all economic events of today, please check out our Economic calendar

Risk Warnings and Disclaimers

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Warren Takunda

Cryptocurrency

Bitcoin could jump to $110,000 on its next major rally, despite concerns of “lower highs and lower lows” forming as a pattern on the BTC price chart, according to crypto traders.

“The next leg is likely to bring Bitcoin to $110K,” founder of MN Capital Michael van de Poppe wrote in a July 17 post on X. It comes while other traders point out that Bitcoin is failing to reach previous highs, with each new high falling short of the last.

“It should be noted that the sequence of lower highs and lower lows continues despite the halving, despite the ETF, despite the hype,” veteran trader and analyst Peter Brandt stated in a July 17 post on X. Bitcoin’s Next Leg Could Hit $110K, Despite ‘Lower Highs and Lower Lows’_1

Bitcoin’s Next Leg Could Hit $110K, Despite ‘Lower Highs and Lower Lows’_1

Source: Peter Brandt

Van de Poppe doesn’t seem as concerned, linking the volatile price of Bitcoin in recent times to the struggles faced by Bitcoin miners due to the rising operational costs and reduced mining rewards following the halving in April.

“The true hashrate drawdown at its last low on July 1st was as HEAVY as during the FTX collapse,” Van de Poppe stated.

Since Bitcoin reached its all-time high of $73,679 on March 13, it has breached the $71,000 mark several times but has yet to reach its record price again.

There were also nine consecutive days in July when Bitcoin failed to breach above $60,000, which hadn’t happened since Feb. 28. Bitcoin’s recent low of $54,274 on July 5 was the lowest price the asset faced in four months, according to CoinMarketCap. Bitcoin’s Next Leg Could Hit $110K, Despite ‘Lower Highs and Lower Lows’_2

Bitcoin’s Next Leg Could Hit $110K, Despite ‘Lower Highs and Lower Lows’_2

Bitcoin is down 1.65% over the past 30 days. Source: CoinMarketCap

However, Brandt said he was “impressed” by Bitcoin’s recent price rebound which saw it falter then recover back to critical support within a two-week period, reaching $65,735 on July 17.

While “the next leg” has an ambiguous timeline, other analysts are offering slightly more certainty regarding when Bitcoin will breach the $100,000 mark.

Riot Platforms vice president of research Pierre Rochard believes it could happen at some point before July 2025. “Bitcoin could go to $100,000 over the next 12 months,” Rochard wrote in a July 17 X post.

Other traders are more conservative.

Crypto trader and investor Marco Johanning suggests Bitcoin will not go to $100,000, “at least not this time,” offering a prediction nearly 19% lower.

“The new low at 53.4k changes the targets for Bitcoin to 81k or 94k,” he added.

Source: Cointelegrah

Risk Warnings and Disclaimers

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Fintechzoom Uber Stock: In-Depth Analysis

Uber (UBER) Stock: An Overview

UBER Stock Performance

Key Factors Influencing UBER Stock

FintechZoom's Comprehensive Coverage of UBER Stock

Key Features of FintechZoom's UBER Stock Coverage

The Impact of FastBull on FintechZoom's UBER Stock Analysis

FastBull's Contribution to FintechZoom's UBER Stock Coverage

Integration and Synergy

Conclusion

Is Ellington Financial (EFC) Dividend Stock a Buy

A History of Dividends:

Current Dividend Landscape:

Financial Strength and Sustainability:

Profitability:

Payout Ratio:

Debt Levels:

Analyst Opinions:

Beyond the Dividend: Growth Potential

Market Positioning:

Expansion Plans:

Investing in EFC: A Calculated Risk

Risk Tolerance:

Diversification:

Conclusion: Weighing the Pros and Cons

BONK Eyes $0.00004: Memecoin Mania or Measured Move?

Unveiling the Technical Landscape: Chart Patterns and Breakout Potential

Beyond the Charts: Gauging Market Sentiment and Volume

Navigating the Roadblocks: Potential Challenges on the Path to $0.00004

Investing in BONK: A Calculated Gamble or a Risky Ride?

XRP ETF: A Game-Changer for Ripple's Digital Asset

Current Market Context

The XRP ETF Token

Potential Impact on XRP's Price and Adoption

Challenges and Considerations

Future Outlook

SEC Expands Binance Lawsuit: Implications for Crypto Market

The Implications of the Amended Complaint

Potential Impact on the Crypto Market

Deeper Look into "Third Party Crypto Asset Securities"

Beyond Binance: Industry-Wide Implications

Conclusion

ECB Set to Deliver a September Rate Cut

Source: Reuters

Bitcoin’s Next Leg Could Hit $110K, Despite ‘Lower Highs and Lower Lows’

Source: Peter Brandt

Bitcoin is down 1.65% over the past 30 days. Source: CoinMarketCap

Source: Cointelegrah

Risk Disclosure