Cryptocurrencies / Page 14

Bitcoin gains after Fed decision amid banking sector turbulence – Cryptocurrency News

Posted on May 5, 2023 at 11:53 am GMT

This was another volatile week for Bitcoin and most major altcoins as the US banking sector came under renewed stress, while investors digested the Fed’s latest interest rate decision. Even though cryptos initially lost some ground after First Republic Bank’s collapse, they quickly recouped their losses and added more gains on the back of some dovish commentary in the latest FOMC meeting. Will cryptos manage to storm to fresh highs? Fed aftermath Βitcoin has been rising after the latest US monetary [..]

Technical Analysis – BTCUSD recoups losses after slicing through 50-day SMA

Posted on May 4, 2023 at 9:59 am GMT

BTCUSD (Bitcoin) has been gaining ground after it managed to jump back above its 50-day simple moving average (SMA). However, should this latest rebound fail to strengthen, the price would be on track to extend its structure of lower highs, which is a bearish technical signal. The momentum indicators currently suggest that near-term risks are tilted to the upside. Specifically, the RSI jumped above its 50-neutral mark, while the stochastic oscillator is ascending after posting a bullish cross. Should buyers [..]

Bitcoin in recovery mode amid renewed banking concerns – Cryptocurrency News

Posted on April 28, 2023 at 10:23 am GMT

Bitcoin and most major altcoins have experienced some wild swings during this week after a barrage of contradicting economic developments. Initially, digital assets slumped from their recent multi-month peaks due to a broader risk-off sentiment, which was reinforced by aggressive selling from two large crypto accounts. However, cryptocurrencies rebounded strongly on the back of another systemic incident in the US banking sector as First Republic Bank came under severe pressure from huge deposit outflows. Cryptos creep back up, crucial levels [..]

Technical Analysis – BTCUSD spikes upwards after hitting 50-day SMA

Posted on April 27, 2023 at 10:39 am GMT

BTCUSD (Bitcoin) experienced a pullback after its 2023 surge peaked at the 10-month high of 31,064 in mid-April. However, the price has bounced back again after the 50-day simple moving average (SMA) curbed its retreat. The momentum indicators currently suggest that buyers have re-gained the upper hand. Specifically, the RSI is pointing upwards above its 50-neutral mark, while the stochastic oscillator is ascending after posting a bullish cross in the 20-oversold zone. Should the recent advance extend above the 30,000 [..]

Bitcoin and Ethereum retrace lower as 2023 rally stalls – Cryptocurrency News

Posted on April 21, 2023 at 11:54 am GMT

Cryptocurrencies have posted significant gains in 2023, with Bitcoin and Ethereum storming to fresh multi-month highs above crucial psychological levels. However, crypto prices have been on the retreat for the past three days amid a broader risk-off sentiment in markets, while regulatory woes continue to hurt the sector. Is the 2023 rally over or are digital coins just experiencing a healthy pullback after an overextended advance? Cryptos tumble without a clear catalyst In the last couple of days, crypto prices [..]

Technical Analysis – ETHUSD pulls back aggressively from 11-month peak

Posted on April 20, 2023 at 9:59 am GMT

ETHUSD (Ethereum) had been trending higher since the beginning of the year, peaking at a fresh 11-month high of 2,142 after the successful completion of the Shanghai update. However, the digital coin experienced a significant downside correction in the past couple of sessions after reaching extremely overbought conditions. The momentum indicators currently suggest that the recent advance was indeed overstretched as both the RSI and the stochastic oscillator are coming down from their overbought territories. However, they remain above their 50-neutral marks, [..]

Bitcoin and Ethereum claim important levels as crypto rally resumes – Cryptocurrency News

Posted on April 14, 2023 at 10:35 am GMT

Undoubtedly, cryptocurrencies have had a vibrant start to the year, outperforming against all major asset classes and revisiting multi-month highs. Besides the improving macroeconomic backdrop, digital coins also benefited from the banking crisis, while fundamental improvements within the sector acted as an additional tailwind. However, as systemic and regulatory woes continue to rattle the sector, investors should not rule out a potential downside correction. Cryptos extend their Q1 outperformance During this week, Bitcoin and crypto markets in general have realised significant gains, [..]

Technical Analysis – ETHUSD posts fresh 9-month high after Shanghai upgrade

Posted on April 13, 2023 at 9:30 am GMT

ETHUSD (Ethereum) has been stuck in an uptrend since the beginning of the year, generating a fresh nine-month high of 1,995 in today’s session following the successful completion of the long-awaited Shanghai upgrade. Now the focus turns to whether the pair can extend its 2023 rally and reclaim the 2,000 psychological mark. The momentum indicators currently suggest that bullish forces are intensifying. Specifically, the RSI is attempting to cross above the 70-overbought territory, while the stochastic oscillators are ascending within [..]

Bitcoin consolidates ahead of crucial data reports – Cryptocurrency News

Posted on April 7, 2023 at 11:45 am GMT

After a tremendous rally since the beginning of the year, Bitcoin and major cryptocurrencies have entered a consolidation phase, with traders awaiting fresh insights regarding the Fed’s interest rate path and the broader health of the US economy. Meanwhile, investor attention is also shifting towards Ethereum’s notable update next week, which could help the digital coin unlock more value. Are cryptos building a strong base ahead of the next bull market or will the 2023 rally fizzle out? Bitcoin silent during holiday [..]

Technical Analysis – BTCUSD extends sideways move around 28,000

Posted on April 6, 2023 at 1:51 pm GMT

BTCUSD experienced a remarkable surge in 2023, storming to a fresh nine-month high of 29,187 in mid-March. However, the king of cryptocurrencies has repeatedly failed to advance higher, with the price trading within a tight range for the past 20 days. The momentum indicators are currently reflecting a cautiously positive near-term tone. Specifically, the RSI is ticking downwards above its 50-neutral mark, while the stochastic oscillator has flatlined in the positive zone after failing to complete a bullish cross. Should buying [..]

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