Cryptocurrencies / Page 11

Technical Analysis – BTCUSD rebounds strongly but 200-SMA caps upside

Posted on August 31, 2023 at 12:13 pm GMT

BTCUSD (Bitcoin) broke aggressively above its rangebound pattern on Tuesday, temporarily jumping above the 28,000 mark. However, the bulls lost the battle around the 200-day simple moving average (SMA), with the price slipping before entering a tight range in the last couple of sessions. The momentum indicators currently suggest that near-term risks remain tilted to the upside. Specifically, the MACD is strengthening above both zero and its red signal line. If buying interest intensifies, the king of cryptos could initially test [..]

Bitcoin battles with $26,000 level ahead of Jackson Hole – Crypto News

Posted on August 25, 2023 at 11:53 am GMT

Bitcoin has been trading within a range during this week as investors and markets are bracing for Jerome Powell’s speech at the Jackson Hole symposium on Friday. Lately, cryptocurrencies have been following moves in stock markets, thus it is highly likely that they will also react to any dovish or hawkish surprise. Given the doom and gloom surrounding China and the latest downbeat PMIs across major economies, the risks for cryptos are asymmetrically tilted to the downside. Cryptos regain risk-sensitive [..]

Technical Analysis – BTCUSD consolidates as declines pauses

Posted on August 24, 2023 at 10:41 am GMT

After a prolonged period of sideways trading during the summer months, BTCUSD (Bitcoin) experienced a vast sell-off, dropping to a fresh two-month low of 25,350. Nevertheless, the king of cryptos appears to have temporarily paused its decline, with the price trading without clear direction for the past few sessions. The momentum indicators currently suggest that bearish pressures are fading. Specifically, both the RSI and the stochastic oscillator managed to escape their oversold territories, hinting that the latest drop might have been [..]

Bitcoin collapses to fresh 2-month low pressured by rising yields – Crypto News

Posted on August 18, 2023 at 11:53 am GMT

The period of prolonged calmness in the crypto sphere has officially come to an end, with Bitcoin posting its biggest daily drop on Thursday since the collapse of FTX in November 2022. For quite some time, cryptocurrencies remained immune to any macroeconomic and idiosyncratic developments, but now they have started to feel the wrath of rising Treasury yields. As global markets have been flooded with risk-off sentiment, Bitcoin slumped to a fresh two-month low amid heightened volatility. Cryptos cry as yields spike [..]

Technical Analysis – BTCUSD drops to 2-month low

Posted on August 17, 2023 at 8:50 am GMT

BTCUSD (Bitcoin) has been rangebound for almost a month following a mild pullback from its recent 2023 highs. However, the king of cryptos has been gradually forming a structure of lower highs and lower lows similar to the one observed during the April-June period, with the price posting a fresh two-month bottom in today’s session. The momentum indicators currently suggest that near-term risks are tilted to the downside. Specifically, both the RSI and the stochastic oscillator are negatively charged just shy of [..]

Bitcoin rallies 80% this year, can it keep going? – Crypto News

Posted on August 9, 2023 at 11:40 am GMT

The world’s oldest cryptocurrency has risen by almost 80% this year, boosted by the Fed’s liquidity injections to deal with the banking crisis, and hopes that US regulators will soon approve an ETF that tracks spot Bitcoin prices. That could be a huge event for crypto markets, although there are also risks, as liquidity conditions seem to be tightening. Riding the liquidity wave It’s been a great year for crypto assets so far. While crypto prices are still far below [..]

Bitcoin resumes choppy trading in absence of directional catalysts – Crypto News

Posted on August 4, 2023 at 11:49 am GMT

Bitcoin started the month where it left off in July, trading sideways around the $29,000 mark. This has been one of the quietest periods in the crypto space, with volatility being at historical low levels as digital assets seem immune to any macroeconomic or idiosyncratic developments. So, what could really move crypto markets? Cryptos struggle to find direction Digital coins have exhibited remarkable stability during the summer, appearing unhindered by both bullish and bearish developments. Historically, crypto markets have overreacted [..]

Technical Analysis – BTCUSD retreats below ascending 50-day SMA

Posted on August 3, 2023 at 1:43 pm GMT

BTCUSD (Bitcoin) has been rangebound in the last few daily sessions following a mild pullback from its recent highs. Moreover, the king of cryptos has been gradually forming a structure of lower highs similar to the one observed during the April-June period, with the decline beneath the 50-day simple moving average (SMA) further darkening the outlook. The momentum indicators currently suggest that the near-term risks are tilted to the downside. Specifically, the RSI is descending below the 50-neutral threshold, while [..]

Bitcoin holds above $29,000 as downside risks mount – Cryptocurrency News

Posted on July 28, 2023 at 11:48 am GMT

After a prolonged period of low volatility, Bitcoin experienced a strong pullback in the last couple of weeks. Having traded within the $30,000-$31,000 range for nearly a month, it dropped below the $29,000 mark for the first time since June 20 before recouping some losses. This latest retreat could be attributed to a wide range of factors such as the fading optimism regarding the spot-Bitcoin ETF applications or the ongoing risk of restrictive policy, while the US regulatory crackdown is [..]

Technical Analysis – LTCUSD pauses decline in crucial territory

Posted on July 27, 2023 at 12:12 pm GMT

LTCUSD (Litecoin) experienced a massive surge on June 30, gaining more than 28% in a single session before posting a fresh 15-month peak of 114.90 three days later. However, the digital coin has been in a downside correction since then, forming a structure of lower highs, which has paused for now around the converging 50- and 200-day simple moving averages (SMAs). This latest pullback is also endorsed by the momentum indicators. Specifically, the stochastic oscillator dipped in the 20-overbought zone, [..]

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