The Dollar Is Building Bullish Momentum As Bitcoin’s Wanes
Bitcoin price just pumped following news that Square made a massive purchase in BTC, however, the dollar regaining momentum as the top cryptocurrency’s wanes, could soon suggest a pullback and a better buying opportunity for the major payments corporation. Here’s what inversely correlated technicals are saying about the two vehemently opposed currencies. Why The Dollar’s Rebound Threaten’s Bitcoin’s Bull Run Beginnings Bitcoin is supposedly breaking out of a bear market. It has retested and confirmed […]
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In this episode of NewsBTC’s daily technical analysis videos, we examine yesterday’s perfected TD9 buy setup in Bitcoin and other potentially bullish signals. We also compare BTC against the dollar using the DXY Dollar Currency Index. Take a look at the video below: VIDEO: Bitcoin Price Analysis (BTCUSD): September 22, 2022 In yesterday’s video, we warned of a new low being made due to the appearance of a TD9 buy setup. These signals can be perfected when the candle makes a lower low. Here is how that played out. Related Reading: Bitcoin Reacts To 75 Basis Point Fed Rate Hike....
Ethereum broke the $1,200 resistance to move into a bullish zone against the US Dollar. ETH price is showing positive signs and it is likely to continue higher above $1,300 and $1,400. ETH price is gaining bullish momentum above the $1,200 pivot level against the US Dollar. The price is facing hurdles near $1,280, but […]
Late yesterday evening, shortly before the markets closed in Europe, we reported our twice-daily bitcoin price watch piece. In the piece we highlighted the levels that we would be keeping an eye on throughout the Asian session, and suggested that we may see some further bullish momentum in the bitcoin price if we got a break of both yesterday's highs of 268 flat. Now action has matured overnight, did we manage to get this break, and further, what are the levels that we are keeping an eye on today? Also, how can we respond to price reaching these levels as far as getting into a position....
Bitcoin price is showing early signs of a bullish break above $10,800 against the US Dollar. BTC could continue higher as long as it is above the 100 hourly SMA. Bitcoin is struggling to gain bullish momentum, but it slowly moved above the $10,800 resistance. The price is now above the 100 hourly simple moving […]
Bitcoin price is facing a strong resistance near the $27,300 area against the US Dollar. BTC could correct lower towards $26,000 or $25,500 in the near term. Bitcoin seems to be struggling to gain bullish momentum above the $27,300 barrier. The price is currently trading above the $26,500 support and the 100 hourly simple moving […]