Bitcoin Price Watch; Gearing up for a big move…
Here's what we are looking to trade in the bitcoin price this evening and beyond, into the Asian session tonight. In this morning’s bitcoin price watch article, we discussed the potential for some volatility throughout today’s session. Bitcoin had a pretty up and down week last week, and while the action was conducive to our intraday strategy, it made for uncertainty as we headed in to a fresh session this week. Would the up and down action continue? Were we gearing up for some strength, or are we headed into a selloff? Well, the week is now officially underway, and it looks as though we....
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Profit-taking investors are probably enjoying as Ethereum rises to a new all-time high while some await a price correction to accumulate holdings. Price corrections and bottoms are, after all, inherent for cryptocurrencies, Ethereum inclusive. However, Chris Burniske, a partner at Placeholder VC, tells his Twitter followers to surrender expectations for a price correction on Ethereum. In his tweet, the venture capitalist said Ethereum is gearing up for a massive long-term rally. Burniske was the analyst who correctly predicted the November 2022 crypto assets bottom. He noted that....
Here's a look at what we are focusing on in the bitcoin price this morning. Right then. The final day of the week, here already. Where will the bitcoin price take us today? The answer we’re all hoping for is… Up! We’ve topped out around 775-780 overnight, putting us (and to steal a phrase from last night’s analysis) within touching distance of the 800 mark. Will this finally be the day we reach it? Maybe. When 700 broke, price toyed with the level for a while before finally committing. There’s a chance that we might see some similar action again, as markets bustle at either side of the bid....
The bitcoin price is hovering around $604. That’s another two-dollar rise since our previous price piece. Nothing to get terribly excited about, but hey — every step counts. Analysts Forming Consensus on Bitcoin Price. Viewing the evidence, it would appear that bitcoin’s present shift to higher ground is undoubtedly occurring in incremental stages (a few dollars at a time). On the plus side, most analysts seem to be unanimous in the idea that bitcoin is again prepping for a massive bull run, and is about to take a long, and much needed vacation up north. One source explains: “Bitcoin price....
On this week’s episode of The Market Report, Cointelegraph’s resident experts discuss the new CPI data and U.S. inflation rate to be announced on Thursday, Oct. 13. On this week’s The Market Report show, Cointelegraph’s resident experts discuss if the new consumer price index (CPI) and United States inflation data will be bullish or bearish for Bitcoin (BTC).To kick things off, we break down the latest news in the markets this week:Related: Biggest mining difficulty spike in 14 months — 5 things to know in Bitcoin this weekMacro forces are brewing, while Bitcoin network fundamentals defy....
Bitcoin Price retreated to yesterday's lower target near $373 and is now gearing up for a return to $400. In choosing the lower target, the market has pushed price back below several important moving averages. A longer consolidation may now be on the cards. Global Economy. Bitcoin Price Analysis. Summary. Comments. Global Economy. Gold relinquished $1,250 and is currently trading sideways near $1,234. The S&P500 has rebounded to 1,880 and the US Dollar is battling with divergence and remains between trends 85.17. Selected Economic Data. Canada Core CPI m/m expected: 0.1% (previous: 0.5%).....