Bitcoin price poised for 'very big move' as CPI due to spark volatility
BTC price action may stay cool until October 12, one analyst argues, as a historical volatility indicator prints a rare warning signal. Bitcoin (BTC) trading was unmoved at the Oct. 10 Wall Street open as one trader predicted it would take until Oct. 12 for volatility to start impacting price.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewA "guaranteed recipe for massive volatility"Data from Cointelegraph Markets Pro and TradingView showed BTC/USD circling $19,300 at the time of writing.The pair had stayed rigidly in a narrow corridor over the weekend, with only one test of....
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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....
Because investors had been scrambling to buy XRP in order to lay claim to a corresponding amount of Spark tokens, the altcoin had its most significant bullish breakout in years. Ripple network activity post-Flare airdrop suggests that the asset has fundamentally lost its spark, but technicals might on the flipside suggest that the spark was […]
Bitcoin looks poised to reach fresh price highs according to a flurry of crucial on-chain indicators.
This week is when volatility returns and a make-or-break moment for BTC/USD hits, traders believe. Bitcoin (BTC) is nearing the end of a consolidation period, which traders are betting will spark a fresh bullish breakout.In a tweet on Tuesday, popular trader Crypto Ed became the latest voice in the expanding bullish movement calling time on lower BTC price levels.Data: D-Day for Bitcoin price starts WednesdayAfter consolidating in a broad range since hitting $30,000, BTC/USD is printing higher lows and lower highs on lower timeframes. This narrowing wedge on the chart has a logical....
The highly anticipated Spark token snapshot takes place on December 12, at 0:00 GMT. Ripple XRP holders eagerly await this date, but Head of Tax Strategy at CoinTracker, Shehan Chandrasekera, warns that airdrops are a taxable event. As such, individuals who register for and receive Spark tokens must include this as ordinary income when filing […]