Cryptocurrencies / Page 10

Bitcoin unsusceptible to stock selloff but fails to claim $28,000 – Crypto News

Posted on October 6, 2023 at 11:52 am GMT

Bitcoin defies spiking yields and equity market rout Faces strong technical rejection at the 200-day SMA Regulatory crackdown persists, all eyes on FTX trial Cryptos exhibit resilience in adverse macro environment The last few weeks have been characterised by risk off sentiment in financial markets as the Fed has repeatedly stated its intention to keep interest rates elevated for as long as it takes to tame inflation. As a result, US Treasury yields have been on the rise across the board, [..]

Technical Analysis – BTCUSD gets capped by 200-day SMA

Posted on October 5, 2023 at 12:33 pm GMT

Bitcoin in a steady advance, jumping above crucial descending trendline Despite the jump above 28,000, 200-day seems a tough obstacle Death cross points to losses but momentum indicators diverge BTCUSD (Bitcoin) has been forming a structure of higher highs and higher lows since its bounce off the September bottom of 24,915. Interestingly, the completion of a bearish cross between the 50- and 200-day simple moving averages (SMAs) has failed to trigger a decline. If buying interest intensifies, the king of cryptos [..]

Cryptocurrencies exhibit resilience amid stock market turmoil – Crypto News

Posted on September 29, 2023 at 11:41 am GMT

Bitcoin appears unsusceptible to stock market turbulence Ethereum gains 4% on Thursday over futures ETF approval rumors Regulatory and macroeconomic backdrop to stay in the driver’s seat Bitcoin steady despite stock market volatility This has been a relatively volatile week for financial markets, with stock indices selling off before rebounding as investors are bracing for a protracted period of high interest rates. For reference, on Wednesday, the CBOE Volatility Index (VIX) climbed to its highest levels since May, reflecting increasing downside [..]

Technical Analysis – ETHUSD extends sideways pattern, 50-day SMA in sight

Posted on September 28, 2023 at 2:23 pm GMT

Ethereum has been in a consolidation phase for the past month Death cross between 50- and 200-day SMAs fails to induce downside pressures Momentum indicators suggest intensifying buying interest ETHUSD (Ethereum) experienced a strong pullback after peaking at 2,030 in mid-July, touching a six-month low of 1,513. Meanwhile, the digital asset has been directionless for the past month, with the price closing the gap with the declining 50-day simple moving average (SMA). Should the positive momentum strengthen, the bulls might [..]

Bitcoin tumbles after Fed signals higher interest rate trajectory – Crypto News

Posted on September 22, 2023 at 11:51 am GMT

Bitcoin drops 1.8% on Thursday following a hawkish a FOMC meeting Experiences a strong technical rejection at the 50-day SMA on the daily chart Cryptos expected to extend their rangebound pattern in the absence of any major catalyst Fed inflicts severe damage to risky assets Cryptocurrencies started the week on the front foot, with Bitcoin reclaiming the $27,000 mark for the first time since August 31. Nevertheless, the positivity got shattered after the FOMC rate decision on Wednesday. Even though [..]

Technical Analysis – BTCUSD rebound tested by 50-day SMA

Posted on September 21, 2023 at 8:34 am GMT

BTCUSD remains perky after bouncing off 25,000 support But 50-SMA proving to be a difficult obstacle to overcome Can Bitcoin maintain its recovery? BTCUSD (Bitcoin) has extended its rebound from the September 11 low of 24,920. However, the upside pressure has started to wane after coming into contact with its 50-day simple moving average. The momentum indicators are in the bullish zone but are pointing to some deterioration in the positive bias in the near term. The RSI has started [..]

Bitcoin takes a breather after Monday’s strong selloff – Crypto News

Posted on September 15, 2023 at 11:55 am GMT

Bitcoin dropped below $25,000 on Monday for the first time since June Quickly reclaimed $26,000 amid broader risk-on sentiment in markets The formation of a death cross in the daily chart darkens outlook Bitcoin recovers from 3-month low; caution ahead On Monday, the price of Bitcoin declined below the $25,000 mark for the first time since June 16 in the absence of any major catalyst. A potential factor behind this meaningful sell-off was the anticipation of a court decision on [..]

Technical Analysis – BTCUSD dodges selloff despite death cross completion

Posted on September 13, 2023 at 8:15 am GMT

Bitcoin hovers within 25,000-26,000 range in September Rebounded after posting fresh low just shy of June bottom Death cross points to more losses but momentum indicators diverge BTCUSD (Bitcoin) has been trading without clear direction in the short term but extended its structure of lower lows. Interestingly, the completion of a death cross between the 50- and 200-day simple moving averages (SMAs) did not trigger a decline, with the short-term oscillators currently tilting to the bullish side. If buying interest intensifies, [..]

Bitcoin languishes around $26,000, lacking directional catalysts – Crypto News

Posted on September 8, 2023 at 9:51 am GMT

This week has been a relatively quiet one for Bitcoin and cryptocurrency markets in general, with prices exhibiting low volatility amid fading investor interest. Much of the observed numbness is caused by the uncertainty in their regulatory framework, which has shifted funds towards traditional risky assets like stocks. Meanwhile, the macroeconomic backdrop does not seem to be providing any aid as inflationary pressures are starting to reappear, underscoring the case of interest rates staying higher for longer. Risky assets under pressure Latest [..]

Bitcoin erases latest advance, hovering again around 26,000 – Crypto News

Posted on September 1, 2023 at 11:54 am GMT

Bitcoin started September in a choppy trading session, following an 11% drop in August, which is its worst monthly performance since November 2022. The king of cryptos has exhibited high volatility in the current week, with yesterday’s slump completely erasing Tuesday’s solid rally that came on the back of positive developments on the regulatory front. Historically, September is a tough month for cryptos as Bitcoin has posted a red monthly candlestick in each of the past six Septembers, will the [..]

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