Bitcoin Price Repeating December 2023’s Playbook: Is The ‘Actual Breakout’ Ye...
Bitcoin (BTC) tries the $100,000 support zone after falling to $98,000 during the recent market shakeout. According to some market watchers, the flagship crypto’s recent performance resembles its December 2023 trajectory, suggesting that BTC might see a massive breakout soon. Related Reading: Bitcoin Could Peak Between $160,000 And $290,000 If These Historical Patterns Repeat – Report Bitcoin Price Mirrors December 2023’s Performance On Wednesday, Bitcoin and the rest of the crypto market saw a massive correction after the US Federal Reserve (Fed) announced a 25-basis-point rate cut....
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Alarmingly, G7 governments appear to be following a playbook designed to cap interest rates and let inflation run hot.
Gold, the US dollar and euro all printed significant price extremes during this week as investors and speculators position in anticipation of the Fed rates announcement on December 16. We take a look some of the most interesting price charts. This post is powered by the Bitcoin Trading Network xbt.social - CCN29 and get 29USD off! Economic Indicators. World Indexes and Forex Rates. Commodities. In the Calendar This Week. Monday November 30. Japan BOJ Gov Kuroda Speaks. Japan Housing Starts y/y (actual: -2.5% expected: 2.5% previous: 2.6%). Europe German Retail Sales m/m (actual: -0.4%....
$60,000 may soon go the way of $20,000, Filbfilb believes, but a potential sell-off around the Coinbase IPO means April could yet spark problems for bulls. Bitcoin (BTC) is primed for a price breakout after beating out volatility, but April may still produce a surprise sell-off.In his latest market update on Friday, Filbfilb, co-founder of trading suite DecenTrader, said that he now expects upside to take over on BTC/USD.BTC/USD 1-day candle chart (Bitstamp). Source: TradingviewBTC “threatening a breakout”Bitcoin has recovered from its flash crash earlier in the week and briefly hit....
Bitcoin price continues scratching out a non-committal path around $420 and 2800 CNY. Another attempt at advance is not out of the question, but the prospect of a labored decline looms. The outlook for bitcoin price is bearish. In the coming days we will cover the three pillars of analysis with respect to the bitcoin chart: technical, sentimental and fundamental. Today’s article considers the chart technicals. The 4-hour chart shows a repeating pattern of price action since mid December: the market cautiously approaches a down-sloping ceiling and then sells off rapidly. The last three....
Past trend of the Bitcoin actual/realized price ratio may be forming a pattern that could hint at a possible bottom for the crypto at $17k. Bitcoin Actual/Realized Price Ratio Currently Has A Value Of 0.8 As pointed out by an analyst in a CryptoQuant post, historical data of this BTC ratio may have interesting implications for the current market. The realized cap is a capitalization model for Bitcoin that multiplies each coin in the circulating supply with the price at which the coin was last moved and takes the sum of all the values. This is different from the usual market cap, where the....